1657 Crofton BlvdCrofton, MD 21114

Property Details for 1657 Crofton Blvd

Year built

1984

Construction

BRICK

Lot size

1.78 AC

Property size (Sq ft)

30,740 SF

Zone code

W1

Property type

Office properties

Property subtype

Office buildings

APN

02-206-02962405

APU

220602962405

Description

This exceptional commercial property at 1657 Crofton Blvd in Crofton, Maryland, offers a diverse range of office and retail spaces, ideal for businesses seeking flexible and modern accommodations. Located in Anne Arundel County (zip code 21114), this 31,200 square foot building sits on a 4-acre lot and was constructed in 1986. The property is zoned C2 and features multiple tenancies, allowing for adaptable configurations to suit various business needs. Currently, there is 22,332 square feet of vacant space available, divisible into units ranging from a minimum of 4,997 square feet to a maximum contiguous space of 10,335 square feet. The flexible layout caters to a variety of business sizes and requirements. Rental rates vary by floor and space type. First-floor retail space offers up to 6,000 square feet at a rate of $30 per square foot (NNN). Second and third-floor office spaces are available, each offering up to approximately 4,500 and 10,500 square feet respectively, at a full-service rate of $26.50 per square foot. This prime location provides excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a strategic presence in the thriving Crofton market. The property's size and layout offer significant potential for expansion and customization. Inquire today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,073,170

  6.5%

  $4,682,926

  7%

  $4,348,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,781,580

  Geo Method

  $1,933,853

• Alternative Use

  Use

  Valuation

  Residential

  $5,806,828

  Hospitality

  $5,319,024

  Educational

  $4,425,365

  Medical

  $4,577,560

  Retail

  $6,883,901

Location Insight

City

Crofton

County

Anne Arundel

State

Maryland

Latitude

39.0158

Longitude

-76.6976

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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