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    520 Baltimore St Taneytown, MD 21787

    For Lease
    $9 SF/Yr

    Grocery-anchored retail center in MD

    Lot size:
    90,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents itself in the form of the Taneytown Shopping Center, a thriving 90,703-square-foot community retail center strategically located at 520 E Baltimore St, Taneytown, MD 21787. Boasting a prime location along East Baltimore Street, experiencing approximately 13,000 vehicles per day, this center enjoys high visibility and accessibility. The center is anchored by Kennie’s Marketplace, the only grocery store in the immediate area, ensuring a consistent flow of customers. A strong tenant mix includes well-established businesses such as Family Dollar, Advance Auto Parts, and Anytime Fitness. Currently, two spaces are available, offering flexible sizes ranging from 6,000 to 9,175 square feet. Space 11 is already finished as a medical facility, while Suite 12's adaptable layout is perfect for multiple vendors. The lease rate is competitively priced at $9.50 per square foot, plus $2.25 per square foot in NNN expenses. This presents a rare chance to acquire a well-established, grocery-anchored retail center in a high-traffic location within Carroll County, Maryland. The property's strong tenant base and prime location make it an attractive investment with significant potential for growth and return.

    Property Features for 520 Baltimore St

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,703 SF
    Total Rate
    71806.54

    Unit(s) available at that property

    Space
    8
    Size
    6,000 SF
    Rate per SF
    $9
    Space
    6
    Size
    9,175 SF
    Rate per SF
    $9

    HighLights

    • 90,703‑square‑foot community retail center in Taneytown, MD.
    • High‑traffic location on E Baltimore St (approx. 13,000 vehicles/day).
    • Grocery‑anchored by Kennie's Marketplace, the only grocery store in the immediate area.
    • Strong tenant mix including Family Dollar, Advance Auto Parts, and Anytime Fitness.
    • Two available spaces (6,000 - 9,175 sq ft), one a finished medical facility.
    • Lease rate: $9.50/sq ft + $2.25/sq ft NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fortune star 520 Chinese Restaurant American Dream Corporation Restaurant McDonald's Fast Food Restaurant Tony's Cafe Pizza Restaurant Taneytown Medical Lab Medical Laboratory

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Taneytown
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1581529
    Latitude
    39.6483794

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    FAQs

    What type of property is this?
    Community center - Grocery-anchored retail center in MD
    Where is this community center located?
    The property is located at 520 Baltimore St Taneytown, MD.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 90,703-square-foot community retail center in Taneytown, MD.; High-traffic location on E Baltimore St (approx. 13,000 vehicles/day).; Grocery-anchored by Kennie's Marketplace, the only grocery store in the immediate area.
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    Taneytown, MD 21787
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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
    520 Baltimore St Taneytown, MD 21787
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