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    7561 Washington Blvd Elkridge, MD 21075

    Sponsored
    For Lease
    $37 SF/Yr

    Prime Elkridge location, multiple spaces available.

    Lot size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Elkridge, Maryland retail property, located at 7561 Washington Blvd, presents a compelling redevelopment opportunity. The 1.74-acre lot features two pad sites totaling 9,000 square feet, zoned B1, and ideally suited for restaurant or retail uses. Currently, 6,600 square feet are vacant, offering significant flexibility for prospective tenants. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 1,500 square feet, allowing for adaptability to various business needs. The property's strategic location offers unparalleled convenience, situated just 0.5 miles from Route 175 and providing easy access to I-95, ensuring high visibility and accessibility for customers. This presents a rare chance to establish a thriving business in a high-traffic area with strong potential for growth. The property's multiple tenancy allows for diverse business combinations, creating a vibrant and attractive retail environment. This is an excellent investment opportunity for those seeking a prime location in a rapidly developing area of Howard County. The existing infrastructure and zoning provide a streamlined path to occupancy, making this a truly attractive proposition for both established businesses and new ventures.

    Property Features for 7561 Washington Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,000 SF
    Total Rate
    27750

    Unit(s) available at that property

    Space
    Available Space (1.74 Acres)
    Size
    0 SF
    Space
    Suite 1
    Size
    900 SF
    Rate per SF
    $40
    Space
    Suite 2
    Size
    1,200 SF
    Rate per SF
    $37
    Space
    Suite 3
    Size
    1,200 SF
    Rate per SF
    $37
    Space
    Suite 4
    Size
    1,200 SF
    Space
    Suite 5
    Size
    1,200 SF
    Rate per SF
    $40
    Space
    Suite 6
    Size
    1,025 SF
    Rate per SF
    $40

    HighLights

    • 1.74‑acre site for development with a new ±9,000 SF retail building.
    • ±700 SF of frontage on Washington Blvd/Route 1.
    • B1 Zoning.
    • Demolition completed Q2 2021.
    • Price: Negotiable.
    • Restaurant/Retail pad sites totaling 1.74 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.772013
    Latitude
    39.177709

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    FAQs

    What type of property is this?
    Restaurant - Prime Elkridge location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 7561 Washington Blvd Elkridge, MD.
    What is the lease rate?
    The lease rate is $0.00-$40 SF/Yr.
    What are key features of this property?
    This property features: 1.74-acre site for development with a new ±9,000 SF retail building.; ±700 SF of frontage on Washington Blvd/Route 1.; B1 Zoning.
    Request Owner's contact information
    7561 Washington Blvd Elkridge, MD 21075
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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
    7561 Washington Blvd Elkridge, MD 21075
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