322 Market StDenton, MD 21629

Property Details for 322 Market St

Year built

1915

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

14,400 SF

Zone code

CBC

Property type

Office properties

Property subtype

Office buildings

APN

03-011577

APU

3011577

Description

This exceptional 15,000 square foot turnkey office space is ideally situated in Denton's vibrant downtown entertainment district, directly adjacent to Pizza Empire at 322 Market Street, Unit F. Recently renovated just two years ago, this second-floor office boasts convenient elevator access, along with both front and rear entrances for easy ingress and egress. The property offers a high level of convenience with shared restrooms located on both the first and second floors. Ample parking is readily available, including on-site parking, an adjacent city public parking lot, and convenient street parking options. The 0.26-acre lot provides a significant footprint for this well-maintained and updated office space. This property presents a unique opportunity for businesses seeking a move-in ready office in a bustling and desirable location. The recent renovations ensure modern amenities and a comfortable work environment. The strategic location next to a popular establishment like Pizza Empire offers high visibility and potential for increased foot traffic. This is a rare opportunity to secure a substantial and well-appointed office space in the heart of Denton's thriving downtown area. The combination of convenient amenities, ample parking, and prime location makes this property an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,104,973

  6.5%

  $2,866,128

  7%

  $2,661,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $905,904

  Geo Method

  $905,904

• Alternative Use

  Use

  Valuation

  Residential

  $3,554,000

  Hospitality

  $3,255,444

  Educational

  $2,708,492

  Medical

  $2,801,641

  Retail

  $4,213,209

Location Insight

City

Denton

County

Caroline

State

Maryland

Latitude

38.8856

Longitude

-75.831

Property Tax & Assessments

FAQs

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