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121 Rental Ln Grasonville, MD 21638

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For Sale
$3,495,000

Commercial property with high traffic exposure and income potential.

Lot size:
5.41 Acres

Property Features for 121 Rental Ln

General Information

Property type
Commercial
Standard status
Active
Lot size
5.41 Acres

Building Details

Year built
1997

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Listing Contact
Lona Sue Todd
Source: Elliman

Listing Agency: Taylor Properties Listing Agent: Lona Sue Todd

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

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Property Insight Report

Overview

Commercial Property with High Visibility

This commercial property is located just off Route 50, offering convenient access and high visibility. The location benefits from substantial traffic exposure, making it suitable for businesses seeking to attract attention. It is situated close to the Chesapeake Bay Bridge, with digital signage visible to approximately 74,000+ vehicles daily. The property, spanning 5.41 acres, is zoned Urban Commercial (UC), allowing for a range of uses, including most retail and light industrial applications. Currently, the site is leased to two tenants who utilize the buildings and open-air storage. Additional rental income is generated from parking used by a neighboring business. A vacant portion of the site presents further rental income potential, previously considered for a cell tower base. The larger building measures 130' x 60', comprising a 30' x 60' office area, a 30' x 60' storage area, and a 70' x 60' shop area, totaling approximately 7,800 square feet. The smaller building has an 80' x 50' first floor and a 50' x 20' 5" second floor for offices, totaling approximately 5,025 square feet. The total square footage of both buildings is approximately 15,600 square feet. Both steel buildings include mezzanine levels, increasing the usable square footage beyond the footprint. The property is serviced by public sewer, while water is supplied by a well. Heating is provided by oil furnaces that power both industrial heaters and heated flooring in the warehouse areas. The office and retail areas are equipped with HVAC systems.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Galahad Marine Suzuki ... (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Grasonville
County
Queen Anne's
State
Maryland
Longitude
-76.2018769
Latitude
38.9608954

FAQs

What type of property is this?
Retail property - Commercial property with high traffic exposure and income potential.
Where is this retail property located?
The property is located at 121 Rental Ln Grasonville, MD.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: - High-visibility location off Route 50 with exceptional exposure to heavy traffic (74,000+ cars per day).; - Zoned Urban Commercial (UC) offering broad uses for retail and light industrial.; - Existing leases to two tenants plus additional parking rental income.
More about this property
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