Corner Convenience Store
For Sale
$1,300,333
703 E PULASKI Highway, Elkton, MD 21921
Commercial Sale, ELKTON, MD
Property Size3,612 SF
Lot Size0.77 Acres
Price / SF$360
Days on Market29
Property Features for 703 E PULASKI Highway
General Information
Property type
Other
Property subtype
Retail
Parking
40
Parking features
Special Needs, Parking Lot
Elementary school district
CECIL COUNTY PUBLIC SCHOOLS
Middle school district
CECIL COUNTY PUBLIC SCHOOLS
High school district
CECIL COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.77 Acres
Taxes and HOA fees
Tax Annual Amount
14720
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
fenced area
large canopy
walk in coolers
2 units with separate utilities
billboard
Building Details
Year built
1955
Building materials
Block
Listing Agency:
Weichert, Realtors - Diana Realty
(410) 893-1200
Listed By:
Steve R Kuzma · License #29833
(410) 808-1010
Added: Sep 8
Changed: Sep 15
Last Checked: Oct 6 at 5:06AM
MLS# MDCC2023016
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property includes a 3,612-square-foot block building constructed in 1955. The interior is configured as two units with separate utilities and includes walk-in coolers. A large canopy and fenced area are also part of the improvements. The building is being offered strictly in its existing AS-IS condition.
The corner parcel has signal-controlled access and three points of entry: two from US Route 40 and another from Delaware Avenue. It provides 240 feet of frontage along US Route 40, with a parking lot and a billboard included in the sale. Central air and forced-air heating serve the building. The existing layout and site features support continued evaluation for convenience retail, drive-through service, banking, coffee, or doughnut operations.
The corner parcel has signal-controlled access and three points of entry: two from US Route 40 and another from Delaware Avenue. It provides 240 feet of frontage along US Route 40, with a parking lot and a billboard included in the sale. Central air and forced-air heating serve the building. The existing layout and site features support continued evaluation for convenience retail, drive-through service, banking, coffee, or doughnut operations.
Key Highlights
- 3,612‑square‑foot block building constructed in 1955
- Two units with separate utilities and walk‑in coolers
- 240 feet of frontage along US Route 40
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,326
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,520
$1.3M
Cap Rate 7%
$904,657
$904.7K
Cap Rate 9%
$703,622
$703.6K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$86.7K $24.00/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$84.4K $23.38/SF
− OpEx
−$21.1K −$5.84/SF
NOI
$63.3K $17.53/SF
Area
Cecil County, MD
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,520
Cap Rate 7%
$904,657
Cap Rate 9%
$703,622
Alternative Uses
Best Use
Specialty Retail
$904.7K
$791.6K – $1.06M
NOI $63,326 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$687.6K
$601.7K – $802.2K
NOI $48,133 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,766 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 25%
Shops & Services 23%
Superstores 15%
Home Improvements & Furnishings 14%
Food Lion Grocery Store
Groceries
21,979 visits/mo
0.3 miles
Big Lots
Superstores
16,962 visits/mo
0.1 miles
Sheetz
Shops & Services
16,263 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
16,116 visits/mo
0.5 miles
Staples
Office Supplies
12,768 visits/mo
0.1 miles
Demographics for 21921, MD
44,983
Population
18,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
94.7 sq mi
ZIP Area
475
Density / Sq Mi
$84,608
Median Household Income
$48,300
Median Earnings
$1,413
Median Rent
$296,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Grocery Outlet — 801 E Pulaski Hwy, Elkton, MD 21921
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Block building with two separate utility units, walk-in coolers, a fenced rear area, and a large canopy.
Where is this grocery and convenience store located?
The property is located at 703 E PULASKI Highway Elkton, MD.
What is the asking price?
The asking price for this property is $1,300,333.
What are key features of this property?
This property features: 3,612‑square‑foot block building constructed in 1955; Two units with separate utilities and walk‑in coolers; 240 feet of frontage along US Route 40
