8450 Elvaton RdMillersville, MD 21108

Property Details for 8450 Elvaton Rd

Construction

BRICK

Lot size

3.10 AC

Property size (Sq ft)

2,560 SF

Zone code

C1

Property type

Commercial real estate

APN

03-000-11027901

APU

300011027901

Description

This exceptional 3.1-acre commercial land parcel presents a unique development opportunity in Millersville, Maryland. Situated at the intersection of Elvaton Road and Jumpers Hole Road, with convenient proximity to Route 2, this property boasts a highly desirable location with excellent visibility and accessibility. The Anne Arundel County address, 8450 Elvaton Road, zip code 21108, offers a strategic advantage for various commercial ventures. The zoning permits a wide range of uses, making it suitable for diverse development plans. Potential commercial applications include restaurants, childcare facilities, pharmacies, and professional office spaces. Additionally, the site's zoning also allows for residential development, such as multifamily dwellings or townhouses, providing flexibility for mixed-use projects. A previous engineering report is available for review, providing valuable insights into the site's characteristics and potential development considerations. This prime location and versatile zoning make this 3.1-acre parcel an exceptional investment opportunity for developers seeking a high-impact project in a thriving Maryland community. The property's latitude and longitude coordinates are 39.120567 and -76.58932 respectively. This is a rare chance to acquire a significant land holding in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $625,594

  6.5%

  $577,472

  7%

  $536,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $161,050

  Geo Method

  $161,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,074,960

  Retail / Commercial

  $563,362

  Mixed-Use / Specialty

  $570,910

  Hospitality / Lodging

  $431,300

  Office

  $577,472

  Institutional / Educational

  $596,932

  Residential Income

  $698,410

  Multifamily

  $784,657

  Automotive / Energy

  $511,656

  Parking / Income-Based Land

  $167,125

  Restaurant / Food Service

  $317,330

  Healthcare / Senior Housing

  $575,658

Location Insight

City

Millersville

County

Anne Arundel

State

Maryland

Latitude

39.1206

Longitude

-76.5893

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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