412 Eastern Blvd, Essex, MD 21221-6714
This exceptional 2,950 square foot retail property, located at 412 Eastern Boulevard in Essex, Maryland, presents a unique investment or owner-user opportunity. Situated on a 0.08-acre lot, the building is currently vacant, offering immediate flexibility for a wide range of commercial uses. The property boasts attractive features including soaring ceilings and an open-concept layout, providing ample space for customization and adaptation to suit diverse business needs. Previously used as a Brazilian Jiu Jitsu gym, the building's adaptable design makes it ideal for various retail or commercial ventures. The property benefits from a flexible BL zoning designation, expanding its potential uses and attracting a broader range of prospective tenants or owner-operators. Adding to its appeal, the location is within a revitalizing area of Essex, and grants are available for facade improvements, further enhancing the property's value and curb appeal for new businesses. Priced affordably at $375,000, this property represents a compelling investment opportunity with significant upside potential in a growing community. The open floor plan and high ceilings offer a blank canvas for creative business development, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this chance to be part of Essex's ongoing revitalization.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BL · Essex, MDEssex. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.