Property summary
This exceptional 2.45-acre property at 1361 Defense Highway in Gambrills, Maryland, presents a significant investment opportunity for developers and savvy investors. The property features a substantial existing home with 1,974 square feet of living space, offering immediate potential for various uses. The expansive acreage provides ample room for development, expansion, or redevelopment. This rare find in Anne Arundel County is ideally suited for those seeking a large-scale project. The property's zoning should be verified with Anne Arundel County to determine suitability for specific business uses, including potential SB and C2 zoning designations. Note that an adjoining property at 1365 Defense Highway, encompassing an additional 2.61 acres, is also available for purchase, creating an unprecedented opportunity to acquire a combined parcel of over five acres. This combined acreage significantly enhances the development potential and presents a unique chance to create a substantial project in a desirable location. The existing home provides immediate value and potential for temporary use or renovation. Serious inquiries are encouraged to act swiftly. The asking price for this remarkable property is $700,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Gambrills, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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