Dundalk Retail Building For Sale

108 Wise Ave, Dundalk, MD

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For Sale

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3,608 SF retail building suitable for automotive or redevelopment.

Type:RETAIL

Property size:

3,608 SF

Lot size:

0.36 Acres

Price / SF:

$166/SF

HighLights

Freestanding 3,608 sf ± retail building on .389 acres.
Zoned BL (Business Local), ideal for automotive service/repair or retail redevelopment.
Equipped with four drive‑in bays.
Located in close proximity to Merritt Boulevard, Dundalk’s primary retail/commercial corridor.
Nearby traffic generators include Weis Markets, CVS, McDonald’s, Save A Lot, Texas Roadhouse, Chili’s and more!
Available for purchase in Dundalk, Maryland.

We can help!

Listing Contact

Mike Ruocco

Learn more

For Sale

Contact for pricing

3,608 SF retail building suitable for automotive or redevelopment.

Type:RETAIL

Property size:

3,608 SF

Lot size:

0.36 Acres

Price / SF:

$166/SF

Added:: Sep 27, 2023
Days on Market:: 993
Last Refresh:: May 20 at 9:50 pm

Property Features for 108 Wise Ave

General Information

Standard status: Active
Size: 3,608 SF
Lot size: 0.36 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Mike Ruocco

Listing agent Mike Ruocco License #MD 641180

Listing office MacKenzie Commercial Real Estate - Corporate

Listing date Sep 27, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate - Corporate

HighLights

Freestanding 3,608 sf ± retail building on .389 acres.
Zoned BL (Business Local), ideal for automotive service/repair or retail redevelopment.
Equipped with four drive‑in bays.
Located in close proximity to Merritt Boulevard, Dundalk’s primary retail/commercial corridor.
Nearby traffic generators include Weis Markets, CVS, McDonald’s, Save A Lot, Texas Roadhouse, Chili’s and more!
Available for purchase in Dundalk, Maryland.

Overview

The property at 108 Wise Avenue, Dundalk, Maryland, is a 3,608 square foot freestanding retail building situated on 0.389 acres. Zoned BL (Business Local), the site is suitable for an automotive service or repair shop, or a retail redevelopment pad site. The building is equipped with four drive-in bays. The location is near Merritt Boulevard, Dundalk’s primary retail and commercial corridor, and traffic generators such as Weis Markets, CVS, McDonald’s, Save A Lot, Texas Roadhouse, and Chili’s.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.9k	$21.60
− Vacancy	−$5.0k	−$1.38
EGI	$73.0k	$20.22
− OpEx	−$21.9k	−$6.07
NOI	$51.1k	$14.15

3,608 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%

Alternative Uses

Best Use

Retail

$729.5K

$638.3K – $851.1K (±1% cap)

NOI $51,067 @ 7.0% cap · market cap 8.53%

Second Best

Industrial

$408.2K

$357.2K – $476.2K (±1% cap)

NOI $28,573 @ 7.0% cap · market cap 4.77%

Theoretical Best

Multifamily LT 5

$35.00M

$30.63M – $40.84M (±1% cap)

NOI $2,450,329 @ 7.0% cap · market cap 409.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Cash For Cars Today — dundalk, md 21222
Four Sons Automotive Inc — 1000 Wise Ave, Dundalk, MD 21222
Exit42 VDub Labs — 7837 st fabian ln, dundalk, md 21222
ABC-MOBILETIRE, LLC — Dundalk, MD 21222
Wise Elite Auto Repair — 910 Wise Ave, Dundalk, MD 21222

Location Insight

Map
Local Demand

City: Dundalk
County: Baltimore
State: Maryland
Longitude: -76.4831
Latitude: 39.263

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For sale
Auto shops
MD
Dundalk
108 Wise Ave

What type of property is this?

Auto shop - 3,608 SF retail building suitable for automotive or redevelopment.

Where is this auto shop located?

The property is located at 108 Wise Ave Dundalk, MD.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Freestanding 3,608 sf ± retail building on .389 acres.; Zoned BL (Business Local), ideal for automotive service/repair or retail redevelopment.; Equipped with four drive‑in bays.

108 Wise Ave, Dundalk, MD

3,608 SF retail building suitable for automotive or redevelopment.

Property Features for 108 Wise Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turn-Key Restaurant and Lounge

Renovated 4-Unit Multifamily Property

Turn-Key Contractor Office Building

Turnkey Bar & Restaurant Building

Renovated Office Flex Buildings

Charming Duplex in Convenient Location

Dundalk Multi-Level Commercial Building

Dundalk Retail Space For Rent

Funeral Home with Viewing Room

Renovated Commercial Buildings on Wise Avenue

Dundalk Commercial Building For Sale

Auto Facility on North Point

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