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6301 Ritchie Hwy - 6301 Ritchie Highway and 4 Cherry Lane 1.23 Acres of Commercial Land Offered at $800,000 in Glen Burnie, MD 21061



Investment Highlights
- Excellent location on freeway exit and on ramps with highway visibility
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $800,000 | Lot Size | 1.23 AC |
| Price Per AC | $650,406.50 |
| Price | $800,000 |
| Price Per AC | $650,406.50 |
| Lot Size | 1.23 AC |
C3 zoning with adjacent lot zoned C4 to combine into single parcel.
Description
The Property is two parcels, collectively 2.14 acres on Map 5 and Parcels 64 and 65 with tax account number 05-000- 17637200 and 05-000- 90039194. The Property is located on Ritchie Highway in Glen Burnie just south of the Interstate 695 intersection. Across the street from the Property is the Beltway Shopping Center. See Attachment A for Property Outline and Vicinity Map. Generally, Ritchie Highway serves as a significantly developed north-south corridor running from Annapolis through Severna Park, Pasadena, Glen Burnie, and Brooklyn Park to Baltimore. While residential areas flank the properties which themselves front Ritchie Highway to the east and west, much of Ritchie Highway’s immediate private frontage is commercially developed, or suited only to commercial or industrial uses. That is, these properties are not realistically suited to accommodate residential development. The subject Property is already commercially developed with a law office and driving school. With regard to physical improvements, there is currently a 3,332 SF structure with a 750 SF detached garage and associated surface parking serving the law office and driving school. The neighboring property immediately adjacent to the south is zoned C4 – Commercial HWY. The north adjacent parcel is OS - Open Space zoning buffering the highway ROW uses which surround it, including the outer loop of I-695.
Property Taxes
| Parcel Numbers | Improvements Assessment | $276,300 | |
| Land Assessment | $983,500 | Total Assessment | $1,259,800 |
Property Taxes
Presented by
TripleStone Real Estate
6301 Ritchie Hwy - 6301 Ritchie Highway and 4 Cherry Lane
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