1298 Cronson BlvdCrofton, MD 21114

  • Office properties
  • 7,936 SF
For Lease

Property Details for 1298 Cronson Blvd

Year built
1988
Construction
BRICK
Lot size
1.09 AC
Property size (Sq ft)
7,936 SF
Zone code
C1B
Property type
Office properties
Property subtype
Office buildings
APN
02-000-90053472
APU
200090053472

Description

This exceptional retail opportunity is located at 1298 Cronson Blvd in Crofton, Maryland, within Anne Arundel County (zip code 21114). The property is a 10,000 square foot building offering a blend of retail and traditional office space in a multi-tenant configuration. Currently, there is one available retail space totaling 2,000 square feet. A key feature of this space is its convenient covered drive-thru, ideal for businesses requiring quick and easy customer access. The property's location in Crofton provides excellent visibility and accessibility, making it an attractive option for a variety of retail businesses. The building's classification as both retail and traditional office space offers flexibility for potential tenants seeking a combined retail and office presence. This space presents a unique opportunity to establish or expand a business in a thriving Maryland community. The property is situated at 39.0092687 latitude and -76.6996751 longitude. Further details regarding lease terms and conditions are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,282,649
    6.5%
    $1,183,984
    7%
    $1,099,414
  • Comparable approach

    Method
    Valuation
    Relative Method
    $463,590
    Geo Method
    $499,254
  • Alternative Use

    Use
    Valuation
    Residential
    $1,468,140
    Hospitality
    $1,344,808
    Educational
    $1,118,865
    Medical
    $1,157,344
    Retail
    $1,740,456
1298 Cronson Blvd, Crofton, Maryland

Location Insight

City
Crofton
County
Anne Arundel
State
Maryland
Latitude
39.0093
Longitude
-76.7
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,999
$664,900
$708,600
$1,373,500
-
$664,900
$708,600
$1,373,500

FAQs

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