Property profile

520 Baltimore St Taneytown, MD 21787

OFF-MARKET
Specialty properties
Property ID
US40-1312832
2,560 SF 0.52 ac lot Built 1995
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents itself in the form of the Taneytown Shopping Center, a thriving 90,703-square-foot community retail center strategically located at 520 E Baltimore St, Taneytown, MD 21787. Boasting a prime location along East Baltimore Street, experiencing approximately 13,000 vehicles per day, this center enjoys high visibility and accessibility. The center is anchored by Kennie’s Marketplace, the only grocery store in the immediate area, ensuring a consistent flow of customers. A strong tenant mix includes well-established businesses such as Family Dollar, Advance Auto Parts, and Anytime Fitness. Currently, two spaces are available, offering flexible sizes ranging from 6,000 to 9,175 square feet. Space 11 is already finished as a medical facility, while Suite 12's adaptable layout is perfect for multiple vendors. The lease rate is competitively priced at $9.50 per square foot, plus $2.25 per square foot in NNN expenses. This presents a rare chance to acquire a well-established, grocery-anchored retail center in a high-traffic location within Carroll County, Maryland. The property's strong tenant base and prime location make it an attractive investment with significant potential for growth and return.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,560 SF
Lot 0.52 ac (22,773 SF)
Zoning code GENER
APN 01-034553
UPID US40-1312832

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
  • Restaurant
  • Restaurant
  • Restaurant Take-out & Catering
  • Restaurant
  • Medical Laboratory

Location

520 Baltimore St Taneytown, MD 21787-2407
Taneytown metro Census 501002 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
1969
Price N/A

Zoning & alternative use

GENER · Taneytown, MD

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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