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2.48 Commercial Acres In Affluent Suburb Park Circle Dr 2.48 Acres of Industrial Land Online Auction Sale Hanover, MD 21076
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 2.48-acre commercial lot with the flexibility to accommodate a range of developments surrounded by multifamily and industrial tenants.
- Exceptional 5-mile demographics with a population over 160K residents, nearly 50% with a bachelor's degree, and total spending above $2.3 billion.
- Absolute auction | Starting bid $1.
- Strong positioning within a hot industrial pocket of Baltimore close to the Baltimore/Washington International Thurgood Marshall Airport.
- Located at the signalized intersection of Park Circle and Coca Cola Drive, with nearby counts on Highway 100 above 91,600 VPD.
EXECUTIVE SUMMARY
DBM Real Estate Group is pleased to present a prime investment opportunity to acquire a 2.48-acre commercial lot at an absolute auction.
To the left of the property is Azure Oxford Square, a 240+ unit multifamily complex, as well as a local elementary and middle school. To the right is a growing industrial hub with expansive buildings occupied by Crate & Barrel Warehouse, PwrQ, Lockheed Martin, Polaris Worldwise Logistics, and Johns Hopkins Health Plans. Baltimore/Washington International Airport is about 5 miles east via MD-170.
Located at the corner of Park Circle Drive and Coca-Cola Drive in the Baltimore suburb of Hanover, this lot is zoned for commercial use. It offers tremendous upside for a new owner through a range of development opportunities. The property is strategically situated just off State Highway 100, a highly trafficked route with daily vehicle counts exceeding 91,600.
This well-positioned 2.48-acre parcel is in an affluent, prosperous Baltimore suburb with exceptional demographics. The 5-mile radius surrounding the area is home to over 160,000 residents with a substantial average household income of more than $140,000 and total specified consumer spending of $2.3 billion. The realm expects to see a 0.6% increase in population growth by 2029. According to CoStar Analytics, trade transportation and utilities, professional and business services, and manufacturing retain the largest employee headcounts, aligning with the immediate area’s surrounding neighbors and businesses.
To the left of the property is Azure Oxford Square, a 240+ unit multifamily complex, as well as a local elementary and middle school. To the right is a growing industrial hub with expansive buildings occupied by Crate & Barrel Warehouse, PwrQ, Lockheed Martin, Polaris Worldwise Logistics, and Johns Hopkins Health Plans. Baltimore/Washington International Airport is about 5 miles east via MD-170.
Located at the corner of Park Circle Drive and Coca-Cola Drive in the Baltimore suburb of Hanover, this lot is zoned for commercial use. It offers tremendous upside for a new owner through a range of development opportunities. The property is strategically situated just off State Highway 100, a highly trafficked route with daily vehicle counts exceeding 91,600.
This well-positioned 2.48-acre parcel is in an affluent, prosperous Baltimore suburb with exceptional demographics. The 5-mile radius surrounding the area is home to over 160,000 residents with a substantial average household income of more than $140,000 and total specified consumer spending of $2.3 billion. The realm expects to see a 0.6% increase in population growth by 2029. According to CoStar Analytics, trade transportation and utilities, professional and business services, and manufacturing retain the largest employee headcounts, aligning with the immediate area’s surrounding neighbors and businesses.
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- Purchase Agreement
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.48 AC |
| Property Subtype | Industrial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | M-2 - Industrial General | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Sale Type | Investment |
| Total Lot Size | 2.48 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | M-2 - Industrial General |
1 LOT AVAILABLE
Lot
| Lot Size | 2.48 AC | Parcel Number | 01-215485 |
| Lot Size | 2.48 AC |
| Parcel Number | 01-215485 |
Prime 2.48-acre lot in a growing and well-positioned suburb outside of Baltimore, approximately 5 miles east of the Baltimore/Washington International Airport.
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Washington
702,455
26
0 h 38 m
Philadelphia
1,584,138
115
2 h 25 m
New York
8,398,748
204
4 h 9 m
Columbus
892,533
397
7 h 33 m
Boston
694,583
412
8 h 24 m
Charlotte
872,498
425
8 h 18 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
871,973
Total Labor Force
474,780
Unemployment Rate
2.33%
Median Household Income
$90,365
Warehouse Employees
47,702
High School Education Or Higher
91.50%
SALE ADVISOR
SALE ADVISOR
Adam Meissner, President
Founder of DBM Real Estate Group, LLC, an attorney-owned firm with over forty combined years of experience in all aspects of the real estate industry practices and law. He specializes in the sales, acquisition, and leasing of commercial assets within the Greater Baltimore area. With extensive backgrounds of financing, marketing, sales & real estate law, Adam and the company bases its principles on integrity and delivers on all expectations.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
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MATTERPORT 3D EXTERIOR
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MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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2.48 Commercial Acres In Affluent Suburb | Park Circle Dr
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