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    7346-7352 Ritchie Hwy Glen Burnie, MD 21061

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    For Sale
    Contact for pricing

    Glen Burnie, MD: 3-building investment.

    Property size:
    1,339 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial real estate portfolio comprises three freestanding buildings totaling approximately 7,952 square feet on a 1.25-acre lot in Glen Burnie, Maryland. The property boasts a prime location with direct frontage and high visibility on heavily trafficked Ritchie Highway (Route 2), experiencing approximately 40,000 cars daily. The buildings are zoned C-3 (Retail/Commercial) and offer ample parking with 25 spaces, multiple entrances from both Route 2 and Route 3/Crain Highway, and excellent signage opportunities. The portfolio includes a popular restaurant/diner (3,263 sq ft) with a potential business sale opportunity, a fully leased single-story office building (3,350 sq ft) to an accounting firm through 2028 with future divisibility potential, and a single-story retail property (1,339 sq ft) leased to Rent-A-Wreck through 2028. The property's strategic location provides easy access to major highways including I-695, I-97, I-895, and Baltimore/Washington International Thurgood Marshall Airport (BWI). This presents a unique opportunity for investors seeking a diverse, multi-tenant portfolio with strong lease terms and significant upside potential in a high-traffic area. Each building is a single story.

    Property Features for 7346-7352 Ritchie Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,339 SF
    Lot Size
    54,450 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • Retail/Office Portfolio for Sale in Glen Burnie, MD
    • Three freestanding buildings totaling 7,952 square feet on a 1.25‑acre lot.
    • Three separate tenants with strong lease terms.
    • Prime Ritchie Highway (Route 2) location with 40,000+ cars daily, offering excellent visibility and signage opportunities.
    • C‑3 (Retail/Commercial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6220242
    Latitude
    39.1684124

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    FAQs

    What type of property is this?
    Mixed-use property - Glen Burnie, MD: 3-building investment.
    Where is this mixed-use property located?
    The property is located at 7346-7352 Ritchie Hwy Glen Burnie, MD.
    What are key features of this property?
    This property features: Retail/Office Portfolio for Sale in Glen Burnie, MD; Three freestanding buildings totaling 7,952 square feet on a 1.25-acre lot.; Three separate tenants with strong lease terms.
    Request Owner's contact information
    7346-7352 Ritchie Hwy Glen Burnie, MD 21061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7346-7352 Ritchie Hwy Glen Burnie, MD 21061
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