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2801 Foster Ave
Baltimore, MD 21224
Former RiteAid · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stand Alone property on 1 Acre in the heart of Canton
- R-8 Zoning but can be upzoned
EXECUTIVE SUMMARY
Former Rite Aid pharmacy for sale or lease for the first time in 40 years. Located in the heart of the growing Canton neighborhood, this 1-acre site has incredible potential and various options for the investor or owner/user. This site could be residential with the redevelopment of townhouses / rowhouses or it could be multifamily housing. The site can continue as a retail opportunity for a single retailer or be multi-tenanted to increase rents. Of course it could be a full redevelopment in any number of options as well. The zoning is R-8 which offers a wide variety of uses as well. Approximately 1/3 of the building is occupied by a medical practice on a short-term lease. They have expressed interest in extending their lease to a long-term lease if the purchaser wants the Tenant to stay.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
14,280 SF
Building Class
C
Year Built
1964
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.98 AC
Zoning
R-8 - Currently a commercial retail store which is a permitted use as well as mecidal, residential, day care and other uses.
Parking
57 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 1859-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,542,933 |
PROPERTY TAXES
Parcel Number
1859-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,542,933
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