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  • 01 7497 Baltimore-Annapolis Blvd
  • 03 7497 Baltimore-Annapolis Corner
  • 05 7497 Ritchie Hwy Store front
  • DSC_8171-2354238946-O
  • 7430 Ritchie RowCorner
  • Delaware Row of Stores
  • Delaware Avenue
  • 7489 Balt-Annap
  • 02 Pylon Signage on Ritchie Hwy
  • View from Rear to Front
  • 135 Delaware Dance Studio
  • 137 Delaware Bathroom
  • 137 Delaware Car Holdings
  • 139 Delaware Sales Floor
  • 7428 Ritchie
  • 7430 Ritchie Front
  • 7434 Ritchie
  • 7489 Balt-Annap Bathroom
  • 7489 Balt-Annap Room
  • 7489 Balt-Annap Sanctuary
  • 139 Delaware HVAC
  • 143 Delaware HVAC

Property ID : CourthouseSquare

Sold Comp $3,500,000.00 - Commercial, Retail Stores

Under same ownership since 1985, this is a rare opportunity to secure a solid performing income-producing commercial property in the heart of Glen Burnie, the most populous area of Anne Arundel County.  Near full-occupancy, this property is offered at 8.67 Cap Rate with tenants paying their own utilities and their share of taxes, insurance, and common area maintenance charges.

The location is fabulous – at the intersection of two busy streets – Ritchie Hwy (MD Route 2) with a traffic count of 25,000 vehicles per day, and Baltimore-Annapolis Boulevard (MD 648) with traffic counts of 11,000 vehicles per day.  BWI Airport is a short 12 minute drive.  Easy connections to I-97, I-95, I-695, and the Arundel Expressway make this an ideal location from which to serve a large customer base.  The Central Light Rail Line is 1 mile away.  The B&A Trail, a rails-to-trails paved recreation path, is just across the street.

click here to download the complete offering memorandum

Investment Summary:
$3,500.000  investment

Transaction closed:  February 14, 2017
Final Sales Price:  $3,200,000
$96.15 per sq.ft.
GRM:  7.7
Cap Rate 8.9

Property Map

Agent Meet Ben Frederick, III, CCIM

  • Mobile : 410-752-6400
  • Fax : 410-435-5041

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