Property summary
This auction presents a prime redevelopment opportunity for a vacant, 2,640 square foot freestanding retail building situated on a 0.58-acre lot in Middle River, Maryland. Previously a 7-Eleven, this single-story building boasts a convenient location at the intersection of Bowleys Quarters Road (16,541 VPD) and Carroll Island Road (15,651 VPD), offering exceptional visibility and high traffic counts totaling approximately 32,192 vehicles per day. The property is shadow-anchored by a Walmart and benefits from proximity to other national retailers including Dollar Tree, True Value, Advance Auto Parts, Dunkin', McDonald's, and Walgreens. The property features 12 surface parking spaces. Zoned BL (Business Local), this versatile property allows for a variety of uses, including retail, restaurant, financial, office, medical clinic, and car wash (with special exception). The surrounding area is densely populated, with approximately 111,830 people residing within a 5-mile radius and an average household income of approximately $94,390. The auction begins at $150,000 and takes place November 4-6, 2024. The property is vacant and ready for immediate occupancy starting September 1, 2024. This fee simple ownership offers significant potential for value enhancement through lease-up or owner-occupancy. The property's address is 204 Carroll Island Rd, Middle River, MD 21220.
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
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BLCCC · Middle River, MDZoning
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Zoning designation
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