Historic Monkton Town Hall Opportunity

1901 MONKTON ROAD, Monkton, MD 21111

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For Sale

$849,000

Mixed-use property with commercial zoning and modern amenities.

Type:Commercial/Industrial

Property size:

3,497 SF

Lot size:

0.18 Acres

Price / SF:

$242/SF

HighLights

Premium commercial location in the heart of Monkton on the NCR Trail.
Substantial renovations completed in 2017.
3,497 sq.ft. on three levels offering potential to live where you work.
Steeped in local Monkton history (circa 1861).
Modern amenities and systems, including new windows (2016), water filtration (2016), gutters (2016), and A/C (2021).
Ample parking.

We can help!

Listing Contact

Heidi S Krauss

For Sale

$849,000

Mixed-use property with commercial zoning and modern amenities.

Type:Commercial/Industrial

Property size:

3,497 SF

Lot size:

0.18 Acres

Price / SF:

$242/SF

Added:: Nov 8, 2024
Days on Market:: 587
Last Refresh:: May 19 at 11:34 pm

Property Features for 1901 MONKTON ROAD

General Information

Standard status: Active
Size: 3,497 SF
Lot size: 0.18 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1861

We can help!

Listing Contact

Heidi S Krauss

Listing agent Heidi S Krauss License #525124

Listing office Krauss Real Property Brokerage

Listing date Nov 8, 2024

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All listing content including descriptions, pricing, images are the copyrighted material of Krauss Real Property Brokerage

HighLights

Premium commercial location in the heart of Monkton on the NCR Trail.
Substantial renovations completed in 2017.
3,497 sq.ft. on three levels offering potential to live where you work.
Steeped in local Monkton history (circa 1861).
Modern amenities and systems, including new windows (2016), water filtration (2016), gutters (2016), and A/C (2021).
Ample parking.

Overview

The Monkton Town Hall, dating back to circa 1861, offers a premium commercial location in the heart of Monkton, situated on the trail and a short walk to the Gunpowder. The building, originally presumed to be built as a store-house, encompasses 3,497 square feet across three levels. Substantial renovations were completed in 2017. The property offers the potential to combine living and working spaces, with the NCR Trail located just outside. It presents a significant opportunity for exposure and cultivating a new lifestyle. The building is steeped in local Monkton history, blending an old soul with modern amenities and systems. Ample parking is available. Zoning is BL-CR. New Norwood historically correct windows in the color sailcloth were installed in 2016, along with new gutters and downspouts. A new well water filtration system was installed in 2016, and a new A/C unit was installed in 2021.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.5k	$21.60
− Vacancy	−$4.8k	−$1.38
EGI	$70.7k	$20.22
− OpEx	−$21.2k	−$6.07
NOI	$49.5k	$14.15

3,497 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%

Alternative Uses

Best Use

Retail

$707.1K

$618.7K – $824.9K (±1% cap)

NOI $49,496 @ 7.0% cap · market cap 5.83%

Second Best

Mixed Use

$702.7K

$614.9K – $819.8K (±1% cap)

NOI $49,188 @ 7.0% cap · market cap 5.79%

Theoretical Best

Multifamily LT 5

$33.93M

$29.69M – $39.58M (±1% cap)

NOI $2,374,945 @ 7.0% cap · market cap 279.73%

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

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Monkton
County: Baltimore
State: Maryland
Longitude: -76.6155
Latitude: 39.5787

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For sale
Mixed-use properties
MD
Monkton
21111
1901 MONKTON ROAD

What type of property is this?

Mixed-use property - Mixed-use property with commercial zoning and modern amenities.

Where is this mixed-use property located?

The property is located at 1901 MONKTON ROAD Monkton, MD.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Premium commercial location in the heart of Monkton on the NCR Trail.; Substantial renovations completed in 2017.; 3,497 sq.ft. on three levels offering potential to live where you work.