1316 Forest DrAnnapolis, MD 21403

Property Details for 1316 Forest Dr

Year built

1956

Lot size

0.22 AC

Property size (Sq ft)

1,297 SF

Zone code

B1

Property type

Investment properties

Property subtype

Live-work space

APN

06-695-04082900

APU

669504082900

Description

This exceptional 1,297 square foot freestanding retail building presents a rare owner-user opportunity in the vibrant city of Annapolis, Maryland. Located at 1316 Forest Dr, in Anne Arundel County, zip code 21403, this property boasts a prime location with excellent visibility on Forest Drive. Built in 1975, the building is zoned B-1, offering a wide range of potential uses for commercial enterprises. The property's convenient location provides easy access for customers and employees alike. Its compact size makes it ideal for a variety of businesses seeking a manageable and efficient space. The building's strategic placement offers significant exposure to high traffic volumes on Forest Drive, ensuring maximum visibility for your business. Furthermore, its advantageous proximity to Annapolis Seafood provides a synergistic benefit, potentially attracting customers from the neighboring establishment. This is a unique opportunity to acquire a well-situated retail space in a thriving Annapolis location. The property's size and zoning make it suitable for a diverse range of commercial ventures. Don't miss this chance to own a piece of Annapolis's bustling commercial landscape. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $213,752

  6.5%

  $197,310

  7%

  $183,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,210

  Geo Method

  $81,594

• Alternative Use

  Use

  Valuation

  Residential

  $244,664

  Hospitality

  $224,111

  Educational

  $186,458

  Medical

  $192,870

  Retail

  $290,045

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9564

Longitude

-76.5065

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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