Colby Center | 220-228 Reisterstown Rd
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Colby Center 220-228 Reisterstown Rd
6,570 SF 77% Leased Retail Building Pikesville, MD 21208 For Sale
Investment Highlights
- 100% Occupied to 5 Tenants, with YOY history of high occupancy
- NOI of +$104,000! NNN lease structures, with escalations and term
- Professionally managed and maintained by same owners for decades
- Leased to 4 boutique tenants, with Rita's Frozen Ice franchise
- Ample parking; easy access from either Reisterstown Rd or Colby Rd
- Highly visible with signage on Reisterstown Rd, Pikesville's major artery
Executive Summary
Trout Daniel & Associates has been retained as exclusive representative of the owner for the sale of Colby Center, a 5-tenant 6,725 SF retail strip located on Reisterstown Road, in Pikesville, Baltimore County.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,570 SF
Building Class
C
Year Built/Renovated
1967/2024
NOI
$108,257
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Land Acres
0.48 AC
Zoning
BL
Parking
23 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
-1,485 SF Salon Space Available -End Cap Fronting onto Reisterstown Road
| Space | Size | Space Use | Position | Available |
| 228 | 1,485 SF | Retail | End Cap | Now |
228
| Size |
| 1,485 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
228
| Size | 1,485 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
-1,485 SF Salon Space Available -End Cap Fronting onto Reisterstown Road
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-0318011605 | Improvements Assessment | $399,700 |
| Land Assessment | $433,000 | Total Assessment | $832,700 |
PROPERTY TAXES
Parcel Number
03-0318011605
Land Assessment
$433,000
Improvements Assessment
$399,700
Total Assessment
$832,700
-
Gilbert Trout -
Trout Daniel & Associates LLC
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Colby Center | 220-228 Reisterstown Rd
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