tomo logo

$305,000

Beds
3
Baths
2.5
sq ft
2,340

4902 Ritchie Hwy, Brooklyn, MD 21225

4902 Ritchie Hwy

BROOKLYN, MD 21225

  • 76 days on market
Attention investors, house flippers, and savvy buyers! Don’t miss this incredible opportunity to acquire a prime mixed-use property in Brooklyn Park, Anne Arundel County, just steps from the City-County line. With 50' of prime road frontage on highly trafficked Ritchie Highway and C3 zoning (General Commercial District), the possibilities are endless. The building is fully vacant and ready for your vision! The first unit, previously used as a salon, includes 2 living room areas, 1.5 baths, and a kitchen—ideal for a variety of commercial or residential uses. The second unit upstairs is a spacious 3-bedroom, 1-bath residential space. Plus, the basement, which has its own front entrance and bathrooms, offers even more potential for development or rental income. With its prime location within walking distance to local businesses, this property is perfect for live-work scenarios or future commercial tenants. The large parking pad in the rear adds even more convenience. Strictly sold as-is, this is the investment opportunity you've been waiting for!

Details

Property type

Single Family Residence

Est. home value

$199,386

Property condition

Fixer

Lot size

6,250 sq ft

Price per sq ft

$131

Year built

1940

Annual property taxes

$3,454

HOA

No

Price History

10/08/2024
Bright

Bright #MDAA2096310

Listed
$305,000
-3.17%
09/11/2024
Bright

Bright #MDAA2079520

Removed
$315,000
07/27/2024
Bright

Bright #MDAA2079520

Price change
$315,000
-5.97%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Steven Levine

Loan start date

June 2014

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

4.33%

Loan type

Commercial

Seller

Hickory Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 8:50 PM

Listing updated: 10/25/2024 at 11:19 PM

Listed by: Yvette Flores, Berkshire Hathaway HomeServices PenFed Realty Phone #: (410) 547-5700

MLS: Bright #MDAA2096310

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