448 Baltimore StTaneytown, MD 21787

Property Details for 448 Baltimore St

Year built

1924

Construction

BRICK

Lot size

0.23 AC

Property size (Sq ft)

1,808 SF

Zone code

RESTI

Property type

Office properties

Property subtype

Office buildings

APN

01-037714

APU

1037714

Description

This exceptional commercial property presents a unique opportunity for businesses seeking a high-traffic location in Taneytown, Maryland. The 0.32-acre parcel is situated on heavily trafficked Route 140, ensuring excellent visibility and accessibility for customers. Currently unimproved, this land offers a blank canvas for development, allowing businesses to tailor the space to their specific needs. The property is zoned General Business District, providing flexibility for a variety of commercial uses. The tax ID is 0701016822. This is a lease opportunity with a minimum lease term of three years. The property's prime location and zoning make it an attractive investment for businesses looking to establish a strong presence in a thriving community. Its high visibility on Route 140 guarantees significant exposure to a large volume of daily traffic. The unimproved nature of the land allows for complete customization, enabling businesses to create a space perfectly suited to their operations. Serious inquiries are encouraged to explore the potential of this exceptional commercial land lease. The property's strategic location and zoning regulations offer a compelling proposition for long-term growth and success. This is an excellent opportunity to secure a prominent location in a dynamic commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $274,684

  6.5%

  $253,555

  7%

  $235,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $113,741

  Geo Method

  $113,741

• Alternative Use

  Use

  Valuation

  Residential

  $314,408

  Hospitality

  $287,996

  Educational

  $239,609

  Medical

  $247,850

  Retail

  $372,726

Location Insight

City

Taneytown

County

Carroll

State

Maryland

Latitude

39.6511

Longitude

-77.1622

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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