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    7234 Ridge Rd Hanover, MD 21076

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    For Sale
    Contact for pricing

    Prime 5-acre industrial site in Hanover, MD.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5-acre commercial and industrial land parcel is located at 7234 Ridge Rd, Hanover, Maryland, 21076, within Anne Arundel County. The property is zoned W-1 and offers significant development potential. The site boasts convenient access to Baltimore-Washington International Thurgood Marshall Airport (BWI) and benefits from existing infrastructure including public water and septic. While there are approximately 1,260 square feet of existing structures on the property, these are secondary to the significant land value. The expansive lot size presents a unique opportunity for various industrial or commercial ventures. This prime location in a thriving area offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a strategic foothold in the Baltimore-Washington corridor. The W-1 zoning allows for a range of potential uses, subject to county approvals. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location.

    Property Features for 7234 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre industrial site for sale in Anne Arundel County's BWI industrial area.
    • Property encompasses approximately 5 acres.
    • Located in the BWI Industrial submarket of Anne Arundel County.
    • Features public water and septic.
    • Includes approximately 1,260 square feet of existing structures.
    • Zoned W‑1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7221082
    Latitude
    39.1676655

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    FAQs

    What type of property is this?
    Land - Prime 5-acre industrial site in Hanover, MD.
    Where is this land located?
    The property is located at 7234 Ridge Rd Hanover, MD.
    What are key features of this property?
    This property features: 5-acre industrial site for sale in Anne Arundel County's BWI industrial area.; Property encompasses approximately 5 acres.; Located in the BWI Industrial submarket of Anne Arundel County.
    Request Owner's contact information
    7234 Ridge Rd Hanover, MD 21076
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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
    7234 Ridge Rd Hanover, MD 21076
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