97 Ritchie Hwy Pasadena, MD 21122
- Commercial real estate
- 2.66 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 97 Ritchie Hwy
- Lot size
- 2.66 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.66-acre commercial land parcel presents a compelling redevelopment opportunity in the thriving Pasadena, Maryland market. Located at 97 Ritchie Highway (Route 2), this C3-zoned property boasts high visibility and convenient access to major thoroughfares, including Route 10, Route 100, and Route 695. The asking price is $3,995,000, translating to a land value of $34.50 per square foot. The site currently features a 1,296 square foot single-story metal utility building with a drive-in bay, offering potential for immediate use or future demolition. Two oversized curb cuts/driveways provide ample access from Ritchie Highway, enhancing the property's appeal for a variety of commercial ventures. This prime location and flexible zoning make this an ideal investment for developers seeking a high-impact project in a rapidly growing area. The property's strategic positioning ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in the Pasadena market. This is a rare opportunity to acquire a significant commercial land holding in a desirable location with significant development potential. The existing building provides flexibility for short-term use while long-term plans are developed.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.568919722631
- Latitude
- 39.103262146492
