Flex Building in Historic
311 N UNION Ave Havre de Grace, MD 21078
311 N UNION Ave, Havre de Grace, MD, 21078
$950,000
For Sale
$950,000
Flex building in Havre de Grace's Historic Business District.
Property Size7,444 SF
Lot Size0.40 Acres
Price / SF$127.62
Days on Market84
Property Features for 311 N UNION Ave
General Information
- Standard status
- Active
- Size
- 7,444 SF
- Lot size
- 0.40 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency
O'Neill Enterprises Realty
(410) 459-7220
Listed by
Aimee C O'Neill · License #00921
(410) 459-7220
Source
Elliman
Added: Apr 24 Checked: Jul 16 at 9:40 am
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 O'Neill Enterprises Realty
Investment Insights
Based on property information with market context.
Located in the heart of the Historic Havre de Grace Business District, this property features a 7,444 sq. ft. flex-use building, currently operating as an Office Centre. The building is situated on two adjoining RB Zoned parcels, totaling 0.40 acres, at the corner of Union Avenue and Green Street. The site offers a view of the Susquehanna River and is located less than 3 blocks from the waterfront. The property is located in an area with a bike score of 54, indicating it is bikeable, and a walk score of 67, indicating it is somewhat walkable. The building will be cleared of personal property at settlement.
Key Highlights
- Located in the heart of the Historic Havre de Grace Business District.
- 0.40 acres improved with a 7,444 sq. ft. flex use building.
- RB Zoned parcels offering flexible use potential.
Local Financial Insights For Office B
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 | $84.9k | $11.40 |
| − Vacancy | −$15.3k | −$2.05 |
| EGI | $69.6k | $9.35 |
| − OpEx | −$17.4k | −$2.34 |
| NOI | $52.2k | $7.01 |
7,444 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,563 @ 7.0% cap · market cap 10.59%
Second Best
Office B
$745.6K
$652.4K – $869.8K
NOI $52,190 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,347 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Centre
(Bike/Boat/Book/etc) Store
tafari Appliance Store
Home Appliance Store
American Carpet & Flooring ...
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- Laughing Crab Catering — 100 S Washington St, Havre De Grace, MD 21078
FAQs
What type of property is this?
Flex space - Flex building in Havre de Grace's Historic Business District.
Where is this flex space located?
The property is located at 311 N UNION Ave Havre de Grace, MD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Located in the heart of the Historic Havre de Grace Business District.; 0.40 acres improved with a 7,444 sq. ft. flex use building.; RB Zoned parcels offering flexible use potential.
