2288 Blue Water BlvdOdenton, MD 21113

Property Details for 2288 Blue Water Blvd

Year built

2001

Lot size

11.87 AC

Property size (Sq ft)

13,724 SF

Zone code

O-NOD

Property type

Retail properties

Property subtype

Strip malls

APN

04-680-90102515

APU

468090102515

Description

Seven Oaks Shopping Center in Odenton, Maryland, presents a compelling retail investment opportunity. This neighborhood center, totaling 34,802 square feet, offers multiple spaces for lease, with a minimum divisible space of 1,454 square feet and a maximum contiguous space of 5,000 square feet. Currently, 8,255 square feet are vacant, providing flexibility for various retail concepts. The center boasts a strong tenant mix, including established businesses such as Weis Markets, Columbia Bank, Jersey Mike's Subs, and Bruster's Real Ice Cream, ensuring high foot traffic and brand recognition. Its strategic location, just one block from Fort Meade and situated at the intersection of MD 175 and Blue Water Boulevard, benefits from exceptional visibility and accessibility, with a daily traffic count exceeding 30,000 vehicles. Furthermore, a significant development opportunity exists with an approximately 30,000 square foot pad site available for sale. This pad site allows for the construction of a building up to 5,000 square feet, and importantly, drive-thru capabilities are approved, with utilities readily available on-site. This property is located in Anne Arundel County and is ideal for businesses seeking high-traffic exposure in a thriving community. The center's existing infrastructure and strong tenant base create a stable and attractive investment prospect. The available spaces are perfect for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,559,121

  6.5%

  $3,285,343

  7%

  $3,050,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,948,583

  Geo Method

  $2,175,710

• Alternative Use

  Use

  Valuation

  Residential

  $2,771,310

  Hospitality

  $2,538,504

  Educational

  $2,112,006

  Medical

  $2,184,641

  Retail

  $3,285,343

Location Insight

City

Odenton

County

Anne Arundel

State

Maryland

Latitude

39.1013

Longitude

-76.7173

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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