Building Details

Building Size 4,000 SF

Listed By: Tom Mottley Show Phone

Source: Mackenziecommercial

Added: Apr 3 Changed: Oct 1 Last Checked: Oct 20 at 5:05PM

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Investment Insights

Based on property information with market context.

A 2,000 square foot commercial space is available for lease. The property is located at 55 Augustine Herman Highway and sits on a 1.17-acre lot. The space is available immediately. A billboard is located on the site.

Key Highlights

• 2,000 sf commercial space available for lease
• Located on 1.17 acres
• Available immediately

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hope & Refuge Family ... Church His Bearing Precious ... Church

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Daycare Center Tech Support Center

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

Lease Details

NNN (Triple Net)

Lease Type

$1.58 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

608

Businesses Nearby

Explore this area Business Placement

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

Market

Lease Benchmarks for Elkton, MD

$17.1 /SF/Yr

Avg Asking Price

$10.5–$20.57 /SF/Yr

Price Range

10,615 SF

Avg Space Size

This space is priced 39% below the average of $17.1 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - 2,000 SF commercial space available for lease immediately.

Where is this office unit located?

The property is located at 55 Augustine Herman Highway Elkton, MD.

What is the lease rate?

The lease rate is $1,750/Mo.

What are key features of this property?

This property features: 2,000 sf commercial space available for lease; Located on 1.17 acres; Available immediately