Downtown Retail Space with
120 S MAIN ST, North East, MD 21901
For Sale
Contact for pricing
Retail or office space with a covered porch, public-parking ramp access, and two bathrooms.
Property Size1,171 SF
Price / SF$1.54
Days on Market95
Property Features for 120 S MAIN ST
General Information
Standard status
Size
Class
Property subtype
Amenities
covered front porch
ramp access
2 baths
Building Details
Year Built
Listing Agency:
Integrity Real Estate
(410) 287-8080
Listed By:
John A Ford · License PA RMR002458
(443) 553-3187
Source:
Cummingsrealtors
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 8 at 7:07AM
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 Integrity Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,171-square-foot retail space is located at 120 S Main St in North East, Maryland. The property includes a covered front porch, ramp access from public parking, and two bathrooms. Built in 1900, the building offers a storefront-oriented setting in Downtown North East.
The Town of North East has advanced initiatives supporting Main Street businesses, including eliminating fees for Change Of Use Permits, Sign Permits, Special Exception, and Variance Applications.
The Town of North East has advanced initiatives supporting Main Street businesses, including eliminating fees for Change Of Use Permits, Sign Permits, Special Exception, and Variance Applications.
Key Highlights
- 1,171‑square‑foot retail space at 120 S Main St, North East, MD 21901
- Covered front porch adds usable exterior space
- Ramp access connects the property with public parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,604
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,080
$312.1K
Cap Rate 7%
$222,914
$222.9K
Cap Rate 9%
$173,378
$173.4K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$23.7K $20.28/SF
− Vacancy
−$1.5K −$1.24/SF
EGI
$22.3K $19.04/SF
− OpEx
−$6.7K −$5.71/SF
NOI
$15.6K $13.33/SF
Area
Cecil County, MD
Vacancy
6.13%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,080
Cap Rate 7%
$222,914
Cap Rate 9%
$173,378
Alternative Uses
Best Use
Office B
$255.6K
$223.6K – $298.2K
NOI $17,889 @ 7.0% cap
Second Best
Retail
$222.9K
$195.1K – $260.1K
NOI $15,604 @ 7.0% cap
Theoretical Best
Office A
$434.3K
$380.0K – $506.7K
NOI $30,399 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 21901, MD
18,517
Population
7,952
Households
2.3
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
48.5 sq mi
ZIP Area
382
Density / Sq Mi
$113,107
Median Household Income
$61,293
Median Earnings
$1,418
Median Rent
$342,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space with a covered porch, public-parking ramp access, and two bathrooms.
Where is this retail space located?
The property is located at 120 S MAIN ST North East, MD.
What are key features of this property?
This property features: 1,171‑square‑foot retail space at 120 S Main St, North East, MD 21901; Covered front porch adds usable exterior space; Ramp access connects the property with public parking
