1600 Eastern Blvd Essex, MD 21221
- Commercial real estate
- 0.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1600 Eastern Blvd
- Lot size
- 0.30 lot acres
- Zone code
- BL
- Property type
- Commercial real estate
- APN
- 15-1519391180
- APU
- 151519391180
Description
This exceptional 13,126-square-foot retail property is situated at the highly visible northwest corner of Eastern Boulevard and Stemmers Run Road in Essex, Maryland. The single-tenant building sits on a 0.3-acre lot and is currently vacant, presenting a unique opportunity for immediate occupancy. The property's zoning is BL-AS (Business Local), allowing for a variety of commercial uses. Its strategic location offers excellent visibility and accessibility, benefiting from high traffic counts on Eastern Boulevard. Nearby established businesses include Save-a-Lot and Dunkin' Donuts, creating a strong retail synergy and attracting significant foot traffic. The property's size and prominent location make it ideal for a wide range of retail businesses seeking a high-impact presence in a thriving community. The address is 1600 Eastern Boulevard, Essex, MD 21221, within Baltimore County. This is a rare opportunity to acquire a substantial retail space in a desirable location with immediate occupancy potential. The property offers significant advantages for businesses seeking high visibility and convenient access for customers. The 0.3-acre lot provides ample space for potential expansion or outdoor amenities. This property is ready for a new tenant to establish a successful business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $235,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $230,000
- Mixed-Use
- $235,000
- Hospitality
- $245,000
- Educational
- $255,000
- Residential Income
- $255,000
- Energy
- $260,000
- Income-Based Land
- $230,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Essex
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.4547
- Latitude
- 39.3204
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA