Property profile

8249 Ritchie Hwy Pasadena, MD 21122

OFF-MARKET
Auto shops
Property ID
US40-1564051
1,798 SF 0.79 ac lot Built 1973
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail space, located at 8249 Ritchie Highway in Pasadena, Maryland, offers a fantastic opportunity for a single-tenant business. The property boasts a total building size of 3,392 square feet, with 1,000 square feet currently available for lease. Situated in Anne Arundel County, zip code 21122, this prime location benefits from high visibility and convenient access for customers. The property is zoned C1B, allowing for a variety of commercial uses. The building's existing infrastructure provides a solid foundation for a new tenant to quickly establish their business. With its strategic location on Ritchie Highway and ample space, this property presents a compelling opportunity for growth and success. The address is easily accessible and benefits from high traffic volume, ensuring maximum exposure for your business. The 1,000 square feet of vacant space offers flexibility for customization to meet your specific business needs. This is an ideal location for a variety of retail businesses seeking a prominent presence in a thriving community. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and learn more about this remarkable retail space.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1973
Construction BRICK
Total area 1,798 SF
Lot 0.79 ac (34,238 SF)
Zoning code C1B
APN 03-000-06274553
UPID US40-1564051

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8249 Ritchie Hwy Pasadena, MD 21122-3929
Pasadena metro Census 731209 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2009
4 recorded transactions
2009
$50,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1B · Pasadena, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8249 Ritchie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message