Conowingo Commercial Building with
372 Conowingo Rd Conowingo, MD 21918
372 Conowingo Rd, Conowingo, MD, 21918
$299,000
For Sale
$299,000
Commercial building with garage and residential apartment for sale.
Property Size2,576 SF
Lot Size0.47 Acres
Price / SF$116.07
Days on Market138
Property Features for 372 Conowingo Rd
General Information
- Standard status
- Active
- Size
- 2,576 SF
- Lot size
- 0.47 Acres
- Property subtype
- Garage / Storage / Apartment
Building Details
- Year Built
- 1945
Listing agency
SB Real Estate
(302) 275-5566
Listed by
Jeff Sellers · License #RS0023229
Source
Sbrealtyco
Added: Mar 6 Updated: Jul 6 at 10:49AM Checked: Jul 21 at 3:43AM
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 SB Real Estate
Investment Insights
Based on property information with market context.
This free-standing commercial building is located directly off Route 1 in Conowingo, Maryland. The property, situated on approximately 0.47 acres, is suitable for both investors and owner-users. The building has a total area of approximately 2,576 square feet. The main floor features two half-baths, potential office or storage space, and a large garage bay with an overhead door in the rear. The second floor contains a 3-bedroom, 2-bathroom residential apartment. The roof and upstairs windows were replaced in 2022. The property is zoned BG - Business General. It operates with a private well and septic system. The environmental condition of the property is unknown.
Key Highlights
- Free‑standing commercial building directly off Rt. 1, ideal for investors or owner‑users.
- Includes a 3 BD / 2 BA residential apartment on the 2nd floor.
- Large garage bay with OH door on the first floor.
Local Financial Insights For Apartment 5plus
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 | $43.9k | $17.04 |
| − Vacancy | −$2.9k | −$1.11 |
| EGI | $41.0k | $15.93 |
| − OpEx | −$18.5k | −$7.17 |
| NOI | $22.6k | $8.76 |
2,576 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$490.4K
$429.1K – $572.1K
NOI $34,327 @ 7.0% cap · market cap 11.48%
Second Best
Mixed Use
$458.9K
$401.5K – $535.3K
NOI $32,120 @ 7.0% cap · market cap 10.74%
Theoretical Best
Office A
$955.3K
$835.9K – $1.11M
NOI $66,872 @ 7.0% cap · market cap 22.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Del‎‎‎‎‎‎‎‎‎‎‎‎ta-8 Products Conowingo
(Bike/Boat/Book/etc) Store
Smoke Shop Conowingo
(Bike/Boat/Book/etc) Store
Disposable Vapes Conowingo
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - Commercial building with garage and residential apartment for sale.
Where is this mixed-use property located?
The property is located at 372 Conowingo Rd Conowingo, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Free‑standing commercial building directly off Rt. 1, ideal for investors or owner‑users.; Includes a 3 BD / 2 BA residential apartment on the 2nd floor.; Large garage bay with OH door on the first floor.
