10117 Reisterstown RdOwings Mills, MD 21117

Property Details for 10117 Reisterstown Rd

Year built

1970

Construction

BRICK

Lot size

0.74 AC

Property size (Sq ft)

3,968 SF

Zone code

BL

Property type

Turn key restaurants

APN

04-1600000534

APU

41600000534

Description

This exceptional 4,000 square foot retail property, located at 10113-10117 Reisterstown Road in Owings Mills, Maryland, presents a unique investment opportunity. Situated on a 2.9-acre lot, this single-tenant building boasts 75 parking spaces, ensuring ample convenience for patrons. Built in 1970, the property has a rich history, having served as a successful crab restaurant for four decades. Its prime location directly across from Foundry Row offers exceptional visibility and accessibility, benefiting from high foot traffic and strong community presence. The property is zoned BL-AS, providing flexibility for a variety of restaurant or retail uses. The spacious interior offers significant potential for customization and modernization to suit a new tenant's specific needs. This is an ideal opportunity for an established business seeking a high-visibility location or an investor looking for a strong return in a thriving Maryland market. The ample parking and convenient location make this property a highly desirable asset. The property's history as a long-standing restaurant speaks to its proven viability and potential for continued success. This is a rare opportunity to acquire a well-positioned retail space in a sought-after area. The 2.9 acres of land offer potential for future expansion or development. The property's zoning allows for a variety of uses, making it a versatile investment.

• CAP approach

  CAP return

  Valuation

  6%

  $886,185

  6.5%

  $818,017

  7%

  $759,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,060

  Geo Method

  $629,060

• Alternative Use

  Use

  Valuation

  Residential

  $690,028

  Hospitality

  $632,062

  Educational

  $525,868

  Medical

  $543,954

  Retail

  $818,017

Location Insight

City

Owings Mills

County

Baltimore

State

Maryland

Latitude

39.4149

Longitude

-76.7728

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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