1 Joppa RdTowson, MD 21286

Property Details for 1 Joppa Rd

Year built

1952

Construction

CONCRETE

Lot size

2.86 AC

Property size (Sq ft)

45,599 SF

Property type

Parking lots & garages

APN

09-2300001780

APU

92300001780

Description

Circle East, a 240,000 square foot retail strip center in Towson, Maryland, offers exceptional leasing opportunities. Located at 1 E Joppa Rd, zip code 21286, this multi-tenant property boasts 302 parking spaces for ample customer convenience. Currently, 25,552 square feet of retail space is available, divisible into units ranging from a minimum of 1,250 square feet to a maximum contiguous space of 5,200 square feet. Nine individual spaces are currently available for lease, providing flexibility for businesses of various sizes. The property's strategic location in Towson, Baltimore County, ensures high visibility and accessibility for potential tenants. This prime retail location presents a unique opportunity for businesses seeking to establish or expand their presence in a thriving Maryland market. The property's substantial size and ample parking make it an attractive option for a wide range of retail uses. Interested parties are encouraged to inquire about available spaces and lease terms. This is a fantastic opportunity to secure a prominent retail space in a highly desirable location. The property is situated in Baltimore County, Maryland, offering easy access to major transportation routes and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $13,545,801

  6.5%

  $12,503,816

  7%

  $11,610,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,228,956

  Geo Method

  $7,228,956

• Alternative Use

  Use

  Valuation

  Residential

  $10,547,437

  Hospitality

  $9,661,395

  Educational

  $8,038,168

  Medical

  $8,314,612

  Retail

  $12,503,816

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.4015

Longitude

-76.6015

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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