6427 Baltimore National Pike Baltimore, MD 21228-3912
- Strip malls
- 15,120 SF
- 3.31 lot acres
Dec 04, 2020
Current Use by Public Records
- 6427 Center / Shopping Mall
- Visionworks / Contact Lenses Supplier / Eye Care Center
- Nirvana / Alternative Medicine Practitioner
- Greater Maryland Pain Management / Pain Management Physician
- Lockett's Auto Care / Auto Repair Shop / Car Repair And Maintenance Service
Property Details for 6427 Baltimore National Pike
- Construction
- BRICK
- Lot size
- 3.31 lot acres
- Property size
- 15,120 SF
- Zone code
- BR
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 01-0116001490
- APU
- 10116001490
Description
This exceptional 5,300-square-foot retail space is ideally situated at 6427 Baltimore National Pike in Catonsville, Maryland, zip code 21228. The property boasts excellent visibility and high traffic counts due to its prime location on the Baltimore National Pike. The building sits on a 3.31-acre lot and offers 30 parking spaces for customer convenience. Previously occupied by Mattress Firm, this single-tenant space presents a blank canvas for a variety of business opportunities. The building is 38 feet wide and 140 feet deep, providing a generous footprint for retail operations. A significant advantage is the development of a new Royal Farms directly across the street, promising increased foot traffic and visibility. Beyond the main retail space, the property offers additional potential. There is up to 10,000 square feet of auto shop space available at the rear of the lot, and an additional one acre of outdoor industrial storage space is also available for lease at a separate monthly rate of $3,000. The property is zoned BR. This versatile property presents a unique opportunity for businesses seeking high visibility and ample space in a thriving Catonsville location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,370,000
- ML approach
- $4,330,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,070,000
- 6.5%
- $3,760,000
- 7%
- $3,490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,858,000
Market price range: $1.43M - $3.86M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,770,000 Current use
- AUTO REPAIR, GARAGE
- $3,490,000 Change: +26% Conversion: Difficult
- RESTAURANT
- $3,440,000 Change: +24% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,395,000 Change: +23% Conversion: Easy
- OFFICE BUILDING
- $3,105,000 Change: +12% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.7598
- Latitude
- 39.2835
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
