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    1 Commerce Ridgely, MD 21660

    For Sale
    $399,000

    Highly visible commercial property with redevelopment or adaptive re-use potential.

    Lot size:
    0.70 Acres

    Property Features for 1 Commerce

    General Information

    Lot size
    0.70 Acres

    Building Details

    Year built
    2002

    Source: Benson & Mangold, LLC Agent PETER A Stark

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property with Redevelopment Potential

    This commercial property presents a rare opportunity, having operated as a profitable marine dealership for over 20 years. Zoned C-2, the site offers flexible redevelopment or adaptive re-use potential for various businesses. The property features a 32 x 72 building with service bay garages, approximately 600 square feet of office space, and a fenced storage yard. Its strategic location and strong traffic counts make it an ideal investment for continued marine operations or repurposing for other commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Accounting Firm HVAC Service Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgely
    County
    Caroline
    State
    Maryland
    Longitude
    -75.8922
    Latitude
    38.9609

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    FAQs

    What type of property is this?
    Automotive property - Highly visible commercial property with redevelopment or adaptive re-use potential.
    Where is this automotive property located?
    The property is located at 1 Commerce Ridgely, MD.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Proven profitability as a marine dealership for over 20 years.; - Zoned C-2, offering flexible redevelopment or adaptive re-use potential.; - Strategic location with strong traffic counts.
    (410) 253-2484
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    1 Commerce Ridgely, MD 21660
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    Ridgely, MD 21660
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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
    1 Commerce Ridgely, MD 21660
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