Property profile

1423 Dorsey Rd Hanover, MD 21076

FOR LEASE
Commercial land
Property ID
US40-1921904
0.74 ac lot Built 1940
Entity Owned 4-yr Hold Free & Clear
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1423 Dorsey Rd, Hanover, MD 21076 For Lease
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1423 Dorsey Rd, Hanover, MD 21076
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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

Location

1423 Dorsey Rd Hanover, MD 21076
Hanover metro Census 751200 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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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

since 2022
Last sale
$1.4M
1 recorded transaction
2022
$1.4M

Zoning & alternative use

C2 · Hanover, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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