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Investment Highlights

  • Excellent location on freeway exit and on ramps with highway visibility

Executive Summary

Commercially zoned for items such as, hotel, gas station, etc.

Property Facts

Price $800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Apartment Units
  • Carwash
  • Convenience Store
  • Hotel
  • Restaurant
  • Self Storage
  • Service Station
  • Strip Center
Total Lot Size 1.23 AC
Zoning C4 and C3 - C3 parcels are excellent for standard-format convenience stores with fuel, hotels, self-storage, retail,etc C4 parcels support larger, higher-traffic

1 Lot Available

Lot

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.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 05-000-90039194
  • 05-000-17637200
Land Assessment
$983,500
Improvements Assessment
$276,300
Total Assessment
$1,259,800
  • Listing ID: 31494037

  • Date on Market: 4/12/2024

  • Last Updated:

  • Address: 6301 Ritchie Hwy, Glen Burnie, MD 21061

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