3200 Main StGrasonville, MD 21638

  • Office buildings
  • 2,176 SF
For Lease
$228/SF/YR View listing

Property Details for 3200 Main St

Year built
1991
Construction
BRICK
Lot size
0.20 AC
Property size (Sq ft)
2,176 SF
Zone code
WVC
Property type
Office buildings
APN
05-003849
APU
5003849

Description

This 832-square-foot single-tenant office space is ideally situated in the heart of Grasonville, Maryland, at 3200 Main Street, zip code 21638. The property is classified as retail and office, specifically a traditional office space located on the first floor. The layout includes two private offices, a dedicated conference room perfect for meetings and presentations, a welcoming reception area for clients, a versatile work room, and a convenient bathroom. This space is perfect for a small business or professional needing a well-appointed office environment. Common area maintenance (CAM) charges are separate but encompass essential utilities such as electricity, water, sewer, and high-speed wireless internet access. The property offers the added benefit of potential expansion opportunities, with additional space available for lease on upper floors should your business's needs grow. This location provides excellent visibility and accessibility within the vibrant Kent Narrows community. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $469,196
    6.5%
    $433,104
    7%
    $402,168
  • Comparable approach

    Method
    Valuation
    Relative Method
    $136,892
    Geo Method
    $136,892
  • Alternative Use

    Use
    Valuation
    Residential
    $537,049
    Hospitality
    $491,934
    Educational
    $409,283
    Medical
    $423,359
    Retail
    $636,663

Location Insight

City
Grasonville
County
Queen Anne's
State
Maryland
Latitude
38.9674
Longitude
-76.2408
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
$3,101
-
-
$329,200
-
$180,500
$154,300
$334,800

FAQs

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