8249 Ritchie HwyPasadena, MD 21122

Property Details for 8249 Ritchie Hwy

Year built

1973

Construction

BRICK

Lot size

0.79 AC

Property size (Sq ft)

1,798 SF

Zone code

C1B

Property type

Retail properties

Property subtype

Auto shops

APN

03-000-06274553

APU

300006274553

Description

This exceptional retail space, located at 8249 Ritchie Highway in Pasadena, Maryland, offers a fantastic opportunity for a single-tenant business. The property boasts a total building size of 3,392 square feet, with 1,000 square feet currently available for lease. Situated in Anne Arundel County, zip code 21122, this prime location benefits from high visibility and convenient access for customers. The property is zoned C1B, allowing for a variety of commercial uses. The building's existing infrastructure provides a solid foundation for a new tenant to quickly establish their business. With its strategic location on Ritchie Highway and ample space, this property presents a compelling opportunity for growth and success. The address is easily accessible and benefits from high traffic volume, ensuring maximum exposure for your business. The 1,000 square feet of vacant space offers flexibility for customization to meet your specific business needs. This is an ideal location for a variety of retail businesses seeking a prominent presence in a thriving community. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and learn more about this remarkable retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $569,905

  6.5%

  $526,066

  7%

  $488,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,043

  Geo Method

  $285,043

• Alternative Use

  Use

  Valuation

  Residential

  $443,756

  Hospitality

  $406,478

  Educational

  $338,185

  Medical

  $349,816

  Retail

  $526,066

Location Insight

City

Pasadena

County

Anne Arundel

State

Maryland

Latitude

39.116

Longitude

-76.58

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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