Building Details

Year Built 1940

Listing Agency: The Cornerstone Agency, LLC

Listed By: James A. Altomonte Show Phone

Source: Tbhteam

Added: Mar 24 Changed: Sep 14 Last Checked: Oct 4 at 2:19PM

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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 The Cornerstone Agency, LLC

Investment Insights

Based on property information with market context.

This is a unique, versatile, detached commercial building that has undergone a fully permitted gut renovation. Currently rented to an operating salon, the property features great road frontage at a busy intersection near Sheetz and Millers market. Lighted building and road signs enhance visibility, and 16 parking spaces are available. The building is equipped with a high-end ERV (Energy recovery ventilator) system, new thermal storefront windows, and a 400 amp electric system. Designer lighting, including recessed lights, sconces, and chandeliers, is installed throughout, along with built-in speakers. Two looped water heaters, an entry ramp, and an alarm system are included. A new roof and LVP flooring have been installed. The interior features an entry area with seating, a textured tiled wall, custom display shelving, and a desk with a stone top. There is a remodeled bathroom with a herringbone tiled wall, a main area with shiplap, custom wall art, a shampoo area, a drying area, and nine stations. The space also includes a high ceiling with an exposed beam, a manicure/pedicure area with two custom nail stations with ventilation, and two high-end pedicure chairs with shiatsu massage. An esthetician/flex room with a sink, an employee area with a washer/dryer, storage, and a triple sink are also present, along with a partial basement for storage. The property is located in Manchester, MD.

Key Highlights

• Turn‑key commercial building currently rented to an operating salon, offering immediate income potential.
• Fully permitted gut renovation with high‑end finishes and designer lighting.
• Excellent road frontage at a busy intersection with lighted building and road signs.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,250

Cap Rate

4.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,000 $445.0K

Cap Rate 7%

$317,857 $317.9K

Cap Rate 9%

$247,222 $247.2K

Market Conditions

NOI Build-Up for 1,572 SF

Gross rent

$34.0K $21.60/SF

− Vacancy

−$2.2K −$1.38/SF

EGI

$31.8K $20.22/SF

− OpEx

−$9.5K −$6.07/SF

NOI

$22.2K $14.15/SF

Area

Carroll County, MD

Vacancy

6.39%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,000

Cap Rate 7%

$317,857

Cap Rate 9%

$247,222

Alternative Uses

Best Use

Retail

$317.9K

$278.1K – $370.8K (±1% cap)

NOI $22,250 @ 7.0% cap · market cap 4.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$583.0K

$510.1K – $680.2K (±1% cap)

NOI $40,809 @ 7.0% cap · market cap 9.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bijou Salon Hair Salon

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Restaurant Auto Parts Store Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

44k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sheetz Shops & Services

41,293 visits/mo 0.1 miles

Truist Shops & Services

2,188 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

419 visits/mo 0.1 miles

Demographics for 21102, MD

12,100

Population

4,513

Households

2.7

Avg Household Size

43

Median Age

32%

College-Educated

98%

High-School Grad

40.6 sq mi

ZIP Area

298

Density / Sq Mi

$119,535

Median Household Income

$58,900

Median Earnings

$1,498

Median Rent

$374,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Versatile, renovated commercial building currently operating as a salon.

Where is this retail space located?

The property is located at 3272 Main St Manchester, MD.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Turn‑key commercial building currently rented to an operating salon, offering immediate income potential.; Fully permitted gut renovation with high‑end finishes and designer lighting.; Excellent road frontage at a busy intersection with lighted building and road signs.