Retail Business for Sale in Baltimore, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Baltimore, MD 21244

Description

JLL is pleased to present this unique opportunity to re-position a 202,653 sf former Sears box at the entrance to Security Square Mall. Located just 12 miles away from downtown Baltimore this box is situated on 18 acres of land. The property is strategicaly and conveniently located at the confluence of I-70 and I-270 and next to the Social Security Administration, Baltimore County's largest employer. The asset is zoned BM, which would support a variety of re-positioning plays and overall configurations.

Market Context

This retail in Baltimore, MD is listed for sale. It has been on the market for 92 days. Compare it against other retail listings for sale in Baltimore, MD — <a href="/search/sale/retail/maryland/baltimore">view the full market</a>.

As of Q3 2023, the Baltimore retail market showed a 6.1% vacancy rate, average asking rents near $25.01/SF/yr, and cap rates around 6.8%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Baltimore?
About 6.8% as of Q3 2023, per Consensus.
Is the Baltimore retail market tightening or softening?
Vacancy is around 6.1% (Q3 2023).

Unified Estimate

Medium Confidence

$57.43/SF – $77.71/SF

Mid: $67.57/SF

Rate estimator only; cost-of-business estimate unavailable.

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