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31392261
31392262

4 Greenway St NW, Glen Burnie, MD 21061

EA
MD 11055017491
Friend Commercial Real Estate
MA
MD 669449
Friend Commercial Real Estate
Listed by Friend Commercial Real Estate
$2,295,000
93 days on market
Updated 25 days ago

4 Greenway St NW

Details
Property Type Mixed Use, Office (+1)
Sub Type Executive Office, Restaurant (+1)
Square Footage 15,695
Cap Rate 8.00%
Occupancy 75%
Tenancy Multi
Acreage 0.620
Zoning TC (Permitted any use in a C3 district as well as R15 or R22)
Investment Type Value Add
Ground Lease No

Mixed Use | 15,695 SqFt

Marketing description

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 and is fully leased. 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.

Investment highlights

  • ± 15,695 sqft total building size
  • Zoning: TC (Permitted any use in a C3 district as well as R15 or R22)
  • Ground level retail with office and residential apartments
  • Fully Leased Newly renovated office suites
  • On-site Parking as well as adjacent 0.33 acre gravel lot
  • New flat roof and updated HVAC
  • Value-add opportunity located in the Glen Burnie Town Center
  • Sale Price: $2,295,000.00

Listing Contacts

EA
MD 11055017491
Friend Commercial Real Estate
MA
MD 669449
Friend Commercial Real Estate
Listed by Friend Commercial Real Estate

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Additional Information

Name
Eugenia Antonis
License
11055017491
Brokerage Phone
4104491144
Brokerage Address
8436 Veterans Highway
Name
Matthew Antonis
License
669449
Brokerage
Friend
Brokerage Phone
410-449-1072
Title
Commercial Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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