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    144 Main St Elkton, MD 21921

    Sponsored
    For Sale
    $525,000

    High-return investment opportunity in Elkton, MD

    Property size:
    7,519 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Elkton, MD commercial property, located at 144 E Main Street, Unit 144-146, presents a lucrative investment opportunity. The 7,519 square foot building boasts a prime location directly across from the county courthouse, ensuring high visibility and accessibility. The property has undergone recent remodeling, reflecting pride of ownership. The main level comprises well-appointed office spaces, including a 17x15 reception area with direct Main Street access, a 15x11 conference room also with Main Street access, and two additional offices (16x11 and 12x10) at the rear. The building also features five one-bedroom apartments, generating consistent rental income. Current rents range from $600 to $1100 per month, with tenants responsible for their own electricity. Four apartments are located on the second and third floors, each with private interior access and a shared fire escape. One additional apartment is situated on the lower ground level. Most apartments have long-term tenants. The building includes full landings on the upper apartment levels and an easement to the right of the building for rear access. The 0.1-acre lot (Parcel # 2404) measures 4,299 square feet, as per the survey. Showings of the apartments are limited to serious buyers. This property offers a blend of commercial and residential income streams, making it an ideal investment for discerning buyers.

    Property Features for 144 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,519 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    CECIL
    State
    Maryland
    Longitude
    -75.82832
    Latitude
    39.60828

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    FAQs

    What type of property is this?
    Commercial real estate - High-return investment opportunity in Elkton, MD
    Where is this commercial real estate located?
    The property is located at 144 Main St Elkton, MD.
    What is the asking price?
    The asking price for this property is $525,000.
    (410) 398-1247
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    144 Main St Elkton, MD 21921
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    Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    144 Main St Elkton, MD 21921
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