518 Baltimore St Taneytown, MD 21787-2402
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GENER · Taneytown, MDZoning
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Zoning designation
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The district profile from the municipal source: what is on file for GENER in Taneytown, MD.
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Find the owner behind the property.
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