1530 Joppa RdTowson, MD 21286

Property Details for 1530 Joppa Rd

Year built

1963

Construction

BRICK

Lot size

2.20 AC

Property size (Sq ft)

28,240 SF

Zone code

BRCNS

Property type

Retail space

APN

09-0908008200

APU

90908008200

Description

This exceptional retail property, located at 1530 E Joppa Rd in Towson, Maryland, offers a rare opportunity for businesses seeking significant space in a high-traffic area. The property boasts a total of 56,745 square feet across two suites, situated on a generous 2.25-acre lot. Each suite offers substantial space, with a minimum divisible area of 28,317 square feet and a maximum contiguous space of 28,428 square feet, providing flexibility for various retail concepts. The building is a two-story structure, currently entirely vacant, presenting a blank canvas for a new tenant or tenants to customize. The property's prime location in Towson, Baltimore County (zip code 21286), ensures high visibility and accessibility for customers. This is an ideal opportunity for a large-scale retailer or a business requiring significant space to expand operations. The property is currently available for lease. The property's size and location make it a highly desirable asset in a thriving commercial market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $8,951,119

  6.5%

  $8,262,571

  7%

  $7,672,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,476,978

  Geo Method

  $4,476,978

• Alternative Use

  Use

  Valuation

  Residential

  $6,969,788

  Hospitality

  $6,384,288

  Educational

  $5,311,653

  Medical

  $5,494,328

  Retail

  $8,262,571

Location Insight

City

Towson

County

Baltimore

State

Maryland

Latitude

39.3973

Longitude

-76.5683

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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