Baltimore, Maryland, is a prime location for investing in Commercial Land, with its unique blend of history, culture, and economic growth. As a hub for industries like port management and tourism, Baltimore offers a diverse range of investment opportunities. Commercial Land in Baltimore can represent a variety of investments, from retail and office spaces to industrial and logistics facilities, each with its own potential for growth and returns. The city's strategic location, with its access to the Chesapeake Bay and proximity to major transportation hubs, makes it an attractive location for businesses and investors alike. Additionally, Baltimore's amenities, such as the Inner Harbor, Johns Hopkins Hospital, and Oriole Park at Camden Yards, contribute to its appeal as a place to live, work, and invest. With a population of around 620,000, Baltimore is a significant urban center with a strong economy and a high quality of life, making it an excellent choice for Commercial Land investments.
Baltimore's Commercial Land market offers a range of opportunities, with 21 listings currently available. The average annual rent per square foot for Commercial Land in Baltimore is , with a minimum of and a maximum of square feet. The average size of Commercial Land listings in Baltimore is square feet, with a minimum of and a maximum of square feet. Whether you're looking to invest in a small retail space or a large industrial facility, Baltimore's Commercial Land market has something to offer. With its rich history, cultural attractions, and economic growth, Baltimore is an excellent location for Commercial Land investments, offering a unique blend of stability and potential for returns.
What are common commercial uses for land in the Baltimore market?
In the Baltimore market, common commercial uses for land include industrial and logistics facilities, taking advantage of the city's strategic location near the Port of Baltimore and its extensive transportation infrastructure, as well as retail and office developments, catering to the needs of the local workforce and residents.
Additionally, commercial land in Baltimore is also being utilized for hospitality and tourism-related projects, such as hotels and attractions, given the city's rich history and cultural offerings, as well as healthcare and educational facilities, leveraging the presence of renowned institutions like Johns Hopkins University and Hospital.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Baltimore, there are several common ways to do so. For instance, investors can buy land directly from private sellers, work with a commercial real estate broker, or explore online marketplaces like LoopNet, where you can find 21 available listings of commercial land for sale, with an average price per square foot of $115 USD and an average size of 30,074 square feet, and a largest size of 100,325 square feet.
If you're new to land development, it's essential to understand the process and benefits of buying land. Our article on how to buy land provides valuable insights and guidance to help you make an informed decision. With the right approach, buying land in Baltimore can be a lucrative investment, offering an average cap rate of 8.82%.
