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Chesapeake Professional Center 1300 Ritchie Hwy 11,872 SF 90% Leased Office Building Arnold, MD 21012 $4,000,000 ($336.93/SF)
INVESTMENT HIGHLIGHTS
- 8.17 acres with access to Richie Hwy and backs up to B&A Blvd
- Major renovations needed internally
- Currently zoned R-1 with non-conforming use for medical office
- Some of the highest valued real estate in Anne Arundel County
EXECUTIVE SUMMARY
Unrivalled parcel of land with direct access along Ritchie Hwy, one of Anne Arundel Counties busiest roadways and connecting back the Baltimore Annapolis Blvd, 1300 Ritchie Hwy is one of the largest, single parceled land remaining on Ritchie Hwy. Historically holding a sanctuary of secluded office space, the land is prime for a modernization or complete development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
11,872 SF
Building Class
C
Year Built
1973
Price
$4,000,000
Price Per SF
$336.93
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,872 SF
Building FAR
0.04
Lot Size
7.00 AC
Zoning
R1 - with non-conforming use for Medical Office
Parking
70 Spaces (2.53 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste Suite B
- 1,200 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Suite B | 1,200 SF | Office | - | Now |
1st Fl-Ste Suite B
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
PROPERTY TAXES
| Parcel Number | 03-000-21110808 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,381,133 |
PROPERTY TAXES
Parcel Number
03-000-21110808
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,381,133
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Chesapeake Professional Center | 1300 Ritchie Hwy
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