Property profile

322 Market St Denton, MD 21629

FOR LEASE
Office buildings
Property ID
US40-1780251
14,400 SF 0.17 ac lot Built 1915
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 15,000 square foot turnkey office space is ideally situated in Denton's vibrant downtown entertainment district, directly adjacent to Pizza Empire at 322 Market Street, Unit F. Recently renovated just two years ago, this second-floor office boasts convenient elevator access, along with both front and rear entrances for easy ingress and egress. The property offers a high level of convenience with shared restrooms located on both the first and second floors. Ample parking is readily available, including on-site parking, an adjacent city public parking lot, and convenient street parking options. The 0.26-acre lot provides a significant footprint for this well-maintained and updated office space. This property presents a unique opportunity for businesses seeking a move-in ready office in a bustling and desirable location. The recent renovations ensure modern amenities and a comfortable work environment. The strategic location next to a popular establishment like Pizza Empire offers high visibility and potential for increased foot traffic. This is a rare opportunity to secure a substantial and well-appointed office space in the heart of Denton's thriving downtown area. The combination of convenient amenities, ample parking, and prime location makes this property an exceptional investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Construction BRICK
Total area 14,400 SF
Lot 0.17 ac (7,200 SF)
Zoning code CBC
APN 03-011577
UPID US40-1780251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • Law Firm
  • Medical Clinic
  • Alternative Medicine Practice Spa & Massage Center
  • Tax Preparation

Location

322 Market St Denton, MD 21629
Denton metro Census 955302
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2021
Last sale
$219,000
2 recorded transactions
2021
$219,000
2002
$230,000

Zoning & alternative use

CBC · Denton, MD
Zoning description

CBC - Central Business Commercial - The purpose of the CBC Central Business Commercial District is to provide retail and office development and redevelopment within the Central Business Commercial District of the Town. A…

General category COMMERCIAL

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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