4 Greenway St NW - Storefront Retail/Office FOR SALE


Glen Burnie, MD 21061
$2,295,000 USD
443-848-1157
4 Greenway St NW, Glen Burnie, MD for Sale
$2,295,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | Request Cap Rate

4 Greenway St NW
Glen Burnie, MD 21061


HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • Mixed Use / Multi -Tenant
  • Value Add Opportunity / Owner User Opportunity
  • Large Gravel Adjacent Lot - Zoned TC
  • Corner Lot located at a signalized intersection
  • In the heart of the Glen Burnie Revitalization Plan

OVERVIEW

Great Opportunity!!! Retail Strip for Sale on Crain Hwy. Corner Lot located at a signalized intersection. This property is a mixed-use, multi-tenant investment opportunity. Total building size is 15,695 sqft . The property is Zoned TC (Permitted any use in a C3 district as well as R15 or R22). Fully Leased Ground level retail. Second floor has two units. One of those two units is 8 Crain Hwy N. This space is over 3,000 sf and has been completely renovated from floor to ceiling. Updates include LVP flooring throughout, updated windows. updated restrooms, new LED lighting, to name a few. This space is currently built out for office use. The other second floor unit is 4 Crain Hwy N. This space has loads of potential. At one time it was built out as multi family. This space is over 4,000 sf. The second floor vacancies totaling a little over 7,000 sf offer lots of opportunity for Owner/Users in need of a new headquarters. It also has the potential to be converted back into Multi-family. This property has on-site parking as well as an adjacent 0.33 acre gravel lot. The gravel lot is zoned TC as well(Permitted any use in a C3 district as well as R15 or R22). The building has a new flat roof that conveys with a warranty as well as updated HVAC. This building is a high-visibility two-story building on Crain Highway, one of Glen Burnie’s most active commercial corridors. Situated minutes from I-97, Route 100, and BWI Airport, this property offers strong regional connectivity and easy access for staff and visitors. Nearby national retailers, restaurants, and community services further enhance the property’s desirability. This property is a fantastic value-add opportunity located in the Glen Burnie Town Center. It also is positioned right in the center of the action for Glen Burnie Town Center's Revitalization Plan that was launched in 2022. This plan opens up the opportunity for future owners of this property and sets the stage for redevelopment.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

TC

APN/PARCEL ID

05-326-03612000

ASK ABOUT THIS PROPERTY

Eugenia AntonisFriend Commercial Real EstateMore Info
443-848-1157

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Eugenia AntonisFriend Commercial Real EstateMore Info
443-848-1157

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.