518 Baltimore StTaneytown, MD 21787

Property Details for 518 Baltimore St

Year built

1900

Lot size

0.65 AC

Property size (Sq ft)

3,072 SF

Zone code

GENER

Property type

Healthcare properties

Property subtype

Medical offices

APN

01-015419

APU

1015419

Description

This mixed-use property at 518 E Baltimore Street, Taneytown, MD, presents a compelling investment opportunity. The building encompasses 4,192 square feet on a 0.65-acre lot. The first floor is currently leased through 2025, providing immediate and consistent rental income. The second floor, totaling 784 square feet, is currently vacant and offers significant upside potential. This space is divisible into five separate suites, allowing for flexible leasing options to a variety of tenants. The entire second floor is available for lease. The property's strategic location in Taneytown, MD, offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $850,000, representing a strong value proposition in the current market. This property is ideal for investors seeking a blend of immediate income and future growth potential. The existing lease on the first floor provides financial stability, while the vacant second floor presents an opportunity to increase rental income and build long-term equity. The flexible layout of the second floor allows for customization to meet the needs of various tenants, maximizing rental income and occupancy rates. This is a rare opportunity to acquire a well-located, mixed-use property with significant upside potential in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $466,720

  6.5%

  $430,819

  7%

  $400,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $193,260

  Geo Method

  $193,260

• Alternative Use

  Use

  Valuation

  Residential

  $534,215

  Hospitality

  $489,338

  Educational

  $407,124

  Medical

  $421,125

  Retail

  $633,304

Location Insight

City

Taneytown

County

Carroll

State

Maryland

Latitude

39.6493

Longitude

-77.1582

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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