Property profile

3419 Plumtree Dr Ellicott City, MD 21042

FOR LEASE
Turn key restaurants
Property ID
US40-0923524
5,978 SF 2.63 ac lot Built 1971
Entity Owned 24-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000 square foot retail strip center, located at 3419 Plumtree Drive in Ellicott City, Maryland, presents a fantastic investment opportunity. Built in 1971, this single-story building boasts a highly visible location on the Baltimore National Pike, just one mile west of Route 20 and directly across from Mission BBQ. The property's convenient access from Route 40 and its proximity to BonChon Chicken ensures high foot traffic and excellent visibility. Currently, there is 3,400 square feet of vacant space available, offering a unique chance to establish or expand your business in a thriving commercial area. The zoning is B2, allowing for a variety of retail uses. The building's total area is 10,000 square feet, with multiple tenancies. This property is situated in Howard County, Maryland, with a zip code of 21042. The address is 3419 Plumtree Drive, Ellicott City, MD. One available space is 1,400 square feet. This prime location offers significant potential for growth and profitability. The property's strategic placement and high visibility make it an ideal choice for businesses seeking a strong presence in a bustling commercial corridor. Don't miss this opportunity to secure a valuable asset in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,978 SF
Lot 2.63 ac (114,563 SF)
Zoning code B2
APN 02-252813
UPID US40-0923524

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
  • Dental Office
  • Medical Clinic
  • Medical Clinic
  • Dental Office
  • Dental Office

Location

3419 Plumtree Dr Ellicott City, MD 21042
Ellicott City metro Census 602306 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$569k
Blend (final) Blend
$570k

Owner & transaction history

since 2002
3 recorded transactions
2002
$2.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Ellicott City, MD
Top alternative use upside
Auto repair, garage $915,000 +182.1%
Commercial (general) $785,000 +142.4%
Office building $585,000 +81.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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