Industrial Land with Shop
108 N MAIN ST Union Bridge, MD 21791
For Sale
$238,500
Developable lot in Union Bridge includes a shop garage with multiple oversized doors and 10–12-foot ceilings.
Property Size2,600 SF
Lot Size0.41 Acres
Price / SF$91.73
Days on Market51
Property Features for 108 N MAIN ST
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.41 Acres
- Property subtype
- Land
Listing Agency:
RE/MAX Advantage Realty
(410) 751-7777
Listed By:
Stanley E Groves · License #528689
(410) 751-7777
Source:
Elliman
Added: Jun 7
Changed: Jul 10
Last Checked: Jul 27 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
The property is a 0.413-acre industrial land parcel that includes a 2,600-square-foot shop garage. The garage is built with 10- to 12-foot ceilings and features multiple oversized overhead doors, including 12’ x 12’, 10’ x 10’, and 8’ x 8’, making it well-suited for vehicle and equipment storage, light industrial work, or contractor staging. Water and sewer taps are already installed on-site, which can reduce time and upfront development steps for new improvements.
The site is located at 108 N Main St in Union Bridge, Maryland. Based on walk and bike scores reported for the area, it is car-dependent, supporting the site’s practical fit for users who need straightforward access for vehicles and materials.
For buyers, this is a workable combination of land and an existing shop footprint, offering flexibility for future construction. The property description also notes that a duplex may be possible on the site, subject to applicable approvals. As presented, the parcel can support contractors seeking a substantial on-site workspace and storage option, or industrial-minded owners looking to build from an already improved location.
The site is located at 108 N Main St in Union Bridge, Maryland. Based on walk and bike scores reported for the area, it is car-dependent, supporting the site’s practical fit for users who need straightforward access for vehicles and materials.
For buyers, this is a workable combination of land and an existing shop footprint, offering flexibility for future construction. The property description also notes that a duplex may be possible on the site, subject to applicable approvals. As presented, the parcel can support contractors seeking a substantial on-site workspace and storage option, or industrial-minded owners looking to build from an already improved location.
Key Highlights
- 0.413‑acre lot in Union Bridge, MD, with a 2,600 SF shop garage
- Shop garage features 10–12‑foot ceilings and multiple oversized doors: 12’x12’, 10’x10’, and 8’x8’
- Water and sewer taps are already installed for easier start of construction
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $8.28 |
| − Vacancy | −$194 | −$0.07 |
| EGI | $21.3k | $8.21 |
| − OpEx | −$3.2k | −$1.23 |
| NOI | $18.1k | $6.97 |
2,600 SF · lease $8.28/SF/yr · vacancy 0.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$259.1K
$226.7K – $302.2K
NOI $18,134 @ 7.0% cap · market cap 7.60%
Second Best
Industrial
$213.3K
$186.7K – $248.9K
NOI $14,934 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$964.2K
$843.7K – $1.12M
NOI $67,495 @ 7.0% cap · market cap 28.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Developable lot in Union Bridge includes a shop garage with multiple oversized doors and 10–12-foot ceilings.
Where is this warehouse located?
The property is located at 108 N MAIN ST Union Bridge, MD.
What is the asking price?
The asking price for this property is $238,500.
What are key features of this property?
This property features: 0.413‑acre lot in Union Bridge, MD, with a 2,600 SF shop garage; Shop garage features 10–12‑foot ceilings and multiple oversized doors: 12’x12’, 10’x10’, and 8’x8’; Water and sewer taps are already installed for easier start of construction
