4300 Rdg Rd Nottingham, MD 21236-3702
- Office buildings
- 1,384 SF
- 0.57 lot acres
Oct 03, 2024
Current Use by Public Records
- Office buildings
Property Details for 4300 Rdg Rd
- Year built
- 1942
- Lot size
- 0.57 lot acres
- Property size
- 1,384 SF
- Zone code
- RO
- Property type
- Office buildings
- APN
- 14-1402037100
- APU
- 141402037100
Description
This exceptional investment opportunity presents two free-standing buildings totaling 4,056 square feet situated on a 0.69-acre lot in Nottingham, Maryland's desirable Baltimore County East submarket. The property, located at 4300 Ridge Rd, features a Class B designation and boasts recent renovations completed in 2023. The buildings, constructed in 1975, offer a blend of retail and creative office space, perfectly suited for a variety of uses. One building, 4300A Ridge Road, comprises 2,156 square feet of vacant space, distributed across two levels. This unit includes office space, a drive-thru warehouse, and a fenced yard, providing ample flexibility for potential tenants. The second building, 4300 Ridge Road, encompasses 1,900 square feet and is currently leased to Leviticus Cigars under a five-year lease commencing October 1, 2023, with a first-year base rent of $33,600. Tenant responsibilities include BGE expenses, while the landlord covers snow removal, water, and landscaping. The property benefits from a BL zoning designation, permitting a wide array of retail and office uses. Shared surface parking is available for both buildings, and exterior building signage is permitted on both structures. The property's location on Ridge Road, near Bel Air Road, ensures high visibility and accessibility. With its combination of vacant and leased space, this property offers a compelling investment opportunity with strong potential for future growth and income generation. Property taxes are $1 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $530,000
- ML approach
- $530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $475,000
Market price range: $158k - $475k
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Location Insight
- Map
- Local Demand
- City
- Nottingham
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5041
- Latitude
- 39.3759
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA