Multi-Tenant Retail
For Sale
$1,100,000
175 Fletchwood Rd, Elkton, MD 21921
Fletchwood Square offers multiple retail suites, including a full-service restaurant, with recent building and utility updates.
Property Size5,181 SF
Days on Market93
Property Features for 175 Fletchwood Rd
General Information
Standard status
Active
Size
5,181 SF
Property subtype
Retail/Office Space
Building Details
Building Size
5,181 SF
Year Built
1998
Listing Agency:
SB Real Estate
Listed By:
Jeff Sellers · License #RS0023229
(302) 275-5566
Source:
Sbrealtyco
Added: Jul 23
Changed: Oct 2
Last Checked: Oct 23 at 4:42AM
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
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Investment Insights
Based on property information with market context.
Fletchwood Square is a multi-tenant retail center featuring four retail/fitness-oriented suites and one conventional restaurant space. Suite A is 1,650 SF for Stay Fit, Suite B is 1,200 SF for Olivia’s Pack, Suite C is 1,200 SF for Smoq-N-Meat, and Suite D is 1,700 SF for Dolces Pizzeria. The center was built in 1998, with roof replacement completed in 2011 and HVAC replacement in 2018, along with updated hot water heaters. Siding and sidewalks were also replaced in 2025, and the property has public water and sewer with natural gas.
The center is located at 175 Fletchwood Rd in Elkton, Maryland, about 1 mile from Interstate 95. It is near the DE/MD state line and is contiguous to a busy Wawa C-Store.
The property presents an established retail configuration with five separate tenant spaces positioned in a retail node anchored by a Wawa convenience store.
The center is located at 175 Fletchwood Rd in Elkton, Maryland, about 1 mile from Interstate 95. It is near the DE/MD state line and is contiguous to a busy Wawa C-Store.
The property presents an established retail configuration with five separate tenant spaces positioned in a retail node anchored by a Wawa convenience store.
Key Highlights
- Fletchwood Square retail center built in 1998 at 175 Fletchwood Rd, Elkton, MD 21921
- Suite mix includes 1,650 SF (Stay Fit), 1,200 SF (Olivia’s Pack), 1,200 SF (Smoq‑N‑Meat), and 1,700 SF (Dolces Pizzeria)
- Roof replaced in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,833
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,660
$1.8M
Cap Rate 7%
$1,297,614
$1.3M
Cap Rate 9%
$1,009,256
$1.0M
Market Conditions
NOI Build-Up for 5,181 SF
Gross rent
$124.3K $24.00/SF
− Vacancy
−$3.2K −$0.62/SF
EGI
$121.1K $23.38/SF
− OpEx
−$30.3K −$5.84/SF
NOI
$90.8K $17.53/SF
Area
Cecil County, MD
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,660
Cap Rate 7%
$1,297,614
Cap Rate 9%
$1,009,256
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,833 @ 7.0% cap · market cap 8.26%
Second Best
Retail
$986.3K
$863.0K – $1.15M
NOI $69,041 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,497 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 9%
Hotels & Casinos 3%
Wawa
Shops & Services
63,147 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,007 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,131 visits/mo
0.5 miles
Holiday Inn Express & Suites Elkton - University Area
Hotels & Casinos
2,172 visits/mo
0.5 miles
Demographics for 21921, MD
44,983
Population
18,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
94.7 sq mi
ZIP Area
475
Density / Sq Mi
$84,608
Median Household Income
$48,300
Median Earnings
$1,413
Median Rent
$296,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Interchange Plaza — 1653 Elkton Rd, Elkton, MD 21921
Frequently Asked Questions
What type of property is this?
Shopping center - Fletchwood Square offers multiple retail suites, including a full-service restaurant, with recent building and utility updates.
Where is this shopping center located?
The property is located at 175 Fletchwood Rd Elkton, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fletchwood Square retail center built in 1998 at 175 Fletchwood Rd, Elkton, MD 21921; Suite mix includes 1,650 SF (Stay Fit), 1,200 SF (Olivia’s Pack), 1,200 SF (Smoq‑N‑Meat), and 1,700 SF (Dolces Pizzeria); Roof replaced in 2011
