1325 Hanover RdHanover, MD 21076

Property Details for 1325 Hanover Rd

Year built

2014

Lot size

0.58 AC

Property size (Sq ft)

600 SF

Zone code

C4

Property type

Office properties

Property subtype

Office buildings

APN

05-000-00424325

APU

500000424325

Description

This exceptional industrial property, located at 1325 Hanover Rd in Hanover, Maryland, presents a unique investment opportunity. The property consists of two buildings situated on a 0.58-acre lot in Anne Arundel County, zoned C4. The main structure is a newly constructed (2023) 1,640 square foot warehouse featuring a durable concrete floor and three convenient drive-in bays for easy loading and unloading. No loading docks are present. The building boasts a modern steel frame construction. A fenced yard provides ample secure outdoor space. An additional building on the site serves as an office. The property benefits from excellent visibility due to its 100-foot frontage. Its location is on the west side of the airport. An adjacent four-bedroom, two-bathroom house is also available for lease, offering potential for additional income streams or employee housing. This single-tenant property is ideal for a variety of businesses seeking a functional and well-maintained space in a strategic location. The property's single-story design and convenient access points make it highly efficient and easily manageable. This is a rare opportunity to acquire a modern, well-equipped industrial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $129,374

  6.5%

  $119,422

  7%

  $110,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,746

  Geo Method

  $37,746

• Alternative Use

  Use

  Valuation

  Residential

  $148,083

  Hospitality

  $135,644

  Educational

  $112,854

  Medical

  $116,735

  Retail

  $175,550

Location Insight

City

Hanover

County

Anne Arundel

State

Maryland

Latitude

39.1844

Longitude

-76.7115

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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