609 Eastern Blvd, Essex, MD 21221-4908
This exceptional 2,275 square foot office building presents a compelling redevelopment opportunity in the thriving business district of Essex, Maryland. Situated on a 0.17-acre lot at 609 Eastern Boulevard, this property offers significant potential for investors and developers seeking to capitalize on its prime location and flexible zoning. The existing structure provides a solid foundation for a variety of projects, allowing for creative adaptation to suit diverse business needs. The "BL" zoning designation within the business district opens doors to a wide range of commercial uses, making this an attractive investment for those seeking a versatile and strategically located asset. The property's size and location make it ideal for a variety of commercial ventures, from small businesses to larger enterprises. Its accessibility and proximity to local amenities further enhance its appeal. This is a rare chance to acquire a property with substantial upside in a dynamic and growing area. The asking price of $195,900 represents an excellent entry point into the Essex commercial real estate market. Serious inquiries are encouraged to explore the full potential of this exciting redevelopment opportunity. Don't miss this chance to acquire a valuable asset in a prime location.
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.