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    OFF-MARKET
    Retail space

    17 Ctr Pl, Dundalk, MD 21222-4304

    2,400 SF 0.37 ac lot Built 1950
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US40-0108656
    Property summary
    AI-generated overview

    This exceptional 2,400 square foot executive office/retail space, located at 17 Center Pl in Dundalk, Maryland, presents a compelling investment opportunity. Priced at $550,000 ($24.76/sq ft), this property boasts a 0.37-acre lot with ample parking for 45 vehicles. Currently occupied by an appliance store with a long-term lease history, the building offers immediate income potential. The property is zoned BM and features well-maintained mechanical systems. Situated in a safe and improving neighborhood, this location benefits from ongoing community development initiatives. The sale includes the entire adjacent parking lot, adding significant value and convenience. This versatile property is ideal for a variety of uses, making it an attractive investment for both seasoned and emerging investors seeking a strong return in a thriving Maryland market. The building's existing tenant provides a stable income stream while offering the potential for future redevelopment or repositioning to capitalize on the area's growth. Don't miss this chance to acquire a prime commercial property in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1950
    Construction BRICK
    Total area 2,400 SF
    Lot 0.37 ac (16,200 SF)
    Zoning code BM
    APN 12-1204075782
    UPID US40-0108656
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jmj Dundalk Properties LLC · 21 yrs held
    Jmj Dundalk Properties LLC
    since 2005
    2 recorded transactions
    2018
    2005
    $3.7M
    Zoning & alternative use
    BM · Dundalk, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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