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    Property profile & analytics
    OFF-MARKET Estimated value $1,395,000
    Commercial land

    1423 Dorsey Rd, Hanover, MD 21076-1428

    0.74 ac lot Built 1940
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US40-1921904
    Property summary
    AI-generated overview

    This exceptional 3.5-acre commercial land parcel presents a prime development opportunity, ideally situated at the intersection of Arundel Mills Boulevard and Dorsey Road. Zoned C2, this property offers significant potential for a variety of commercial uses, including retail establishments, daycare centers, car washes, and hotels. Its strategic location provides unparalleled access to a high-traffic area, boasting proximity to major thoroughfares and significant consumer draw. The site is conveniently located just half a mile from the bustling Arundel Mills Mall and Maryland Live! Casino, ensuring high visibility and accessibility for any future development. The expansive lot size allows for substantial building plans, catering to a wide range of commercial ventures. This is a rare chance to acquire a well-positioned commercial land parcel in a thriving market, offering substantial returns on investment for the discerning developer. The property is offered as a single-tenant site, providing flexibility and control over development. Given its location and zoning, this property represents a unique and compelling investment opportunity. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1940
    Lot 0.74 ac (32,190 SF)
    Zoning code C2
    APN 05-000-11997700
    UPID US40-1921904
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.36M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.40M
    Owner & transaction history
    Stavlas Properties LLC · 4 yrs held
    Stavlas Properties LLC
    since 2022
    Last sale
    $1.4M
    1 recorded transaction
    2022
    $1.4M
    Zoning & alternative use
    C2 · Hanover, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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