518 Baltimore St Taneytown, MD 21787
- Medical offices
- 3,072 SF
- 0.65 lot acres
Current Use by Public Records
- PSJ Orthodontics / Orthodontist
- Dr. Jeffrey Jarvis / Orthodontist
- Stacey Sorkin / Orthodontist
Property Details for 518 Baltimore St
- Year built
- 1900
- Lot size
- 0.65 lot acres
- Property size
- 3,072 SF
- Zone code
- GENER
- Property type
- Medical offices
- Property subtype
- Medical space
- APN
- 01-015419
- APU
- 1015419
Description
This mixed-use property at 518 E Baltimore Street, Taneytown, MD, presents a compelling investment opportunity. The building encompasses 4,192 square feet on a 0.65-acre lot. The first floor is currently leased through 2025, providing immediate and consistent rental income. The second floor, totaling 784 square feet, is currently vacant and offers significant upside potential. This space is divisible into five separate suites, allowing for flexible leasing options to a variety of tenants. The entire second floor is available for lease. The property's strategic location in Taneytown, MD, offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $850,000, representing a strong value proposition in the current market. This property is ideal for investors seeking a blend of immediate income and future growth potential. The existing lease on the first floor provides financial stability, while the vacant second floor presents an opportunity to increase rental income and build long-term equity. The flexible layout of the second floor allows for customization to meet the needs of various tenants, maximizing rental income and occupancy rates. This is a rare opportunity to acquire a well-located, mixed-use property with significant upside potential in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $235,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $225,000
- Mixed-Use
- $220,000
- Hospitality
- $205,000
- Educational
- $195,000
- Residential Income
- $230,000
- Energy
- $180,000
- Income-Based Land
- $200,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Taneytown
- County
- Carroll
- State
- Maryland
- Longitude
- -77.1582
- Latitude
- 39.6493
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
