8 Seminary AveTimonium, MD 21093

Property Details for 8 Seminary Ave

Year built

1953

Construction

BRICK

Lot size

0.35 AC

Property size (Sq ft)

210 SF

Zone code

RO

Property type

Office buildings

APN

08-1600003068

APU

81600003068

Description

This exceptional 630-square-foot commercial space, located at 8 E Seminary Ave in Timonium, Maryland, 21093, presents a unique opportunity for businesses seeking a flexible and convenient workspace. The property is categorized as a Traditional Office, Coworking, Medical Office, and Creative Office space, making it suitable for a wide range of professional uses. Currently, one unit is available for lease, offering a private entrance and a private bathroom for enhanced privacy and convenience. The unit is located in a basement. The property boasts off-street parking, a significant advantage in a busy area. Its prime location across the street from the Galleria in Timonium ensures high visibility and accessibility, benefiting from substantial foot and vehicle traffic. The space is professionally managed, ensuring a smooth and efficient leasing experience. The lease commencement date is July 1st, 2023. The monthly rent is $795. This is a commercial property only

• CAP approach

  CAP return

  Valuation

  6%

  $36,985

  6.5%

  $34,140

  7%

  $31,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,211

  Geo Method

  $13,211

• Alternative Use

  Use

  Valuation

  Residential

  $42,334

  Hospitality

  $38,778

  Educational

  $32,262

  Medical

  $33,372

  Retail

  $50,186

Location Insight

City

Lutherville Timonium

County

Baltimore

State

Maryland

Latitude

39.4209

Longitude

-76.6158

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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