1350 Dorsey RdHanover, MD 21076

Property Details for 1350 Dorsey Rd

Year built

1988

Construction

BRICK

Lot size

3.30 AC

Property size (Sq ft)

20,200 SF

Zone code

W1

Property type

Retail properties

Property subtype

Strip malls

APN

05-126-90049436

APU

512690049436

Description

This exceptional commercial property, located at 1350 Dorsey Road in Hanover, Maryland, presents a unique investment opportunity. The property encompasses a total of 10,545 square feet and is classified as retail, land, and restaurant space, suitable for a variety of commercial uses. Currently configured as a single suite, the property offers significant flexibility for multiple tenants. A substantial 5,430 square feet is currently vacant, providing immediate occupancy potential for expansion or new ventures. The property's location in Anne Arundel County, Maryland, zip code 21076, offers excellent visibility and accessibility. The "pad" style configuration allows for convenient access and ample parking. This versatile property is ideal for businesses seeking a prominent location in a thriving commercial area. The existing infrastructure provides a solid foundation for immediate occupancy or extensive renovation to suit specific business needs. With its strategic location and substantial square footage, this property represents a compelling opportunity for growth and profitability. Serious inquiries are encouraged to explore the possibilities this prime retail space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,238,578

  6.5%

  $4,835,611

  7%

  $4,490,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,868,069

  Geo Method

  $3,202,371

• Alternative Use

  Use

  Valuation

  Residential

  $4,079,019

  Hospitality

  $3,736,359

  Educational

  $3,108,607

  Medical

  $3,215,517

  Retail

  $4,835,611

Location Insight

City

Hanover

County

Anne Arundel

State

Maryland

Latitude

39.1592

Longitude

-76.7107

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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