Corner Gas Station with
For Sale
$1,300,333
703 E PULASKI HIGHWAY, Elkton, MD 21921
Two units with separate utilities, walk-in coolers, a canopy, and a fenced rear area support flexible operations.
Property Size3,612 SF
Lot Size0.78 Acres
Price / SF$360
Days on Market51
Property Features for 703 E PULASKI HIGHWAY
General Information
Standard status
Active
Size
3,612 SF
Lot size
0.78 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
Large canopy
Walk in coolers
Billboard
Building Details
Year Built
1955
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
Weichert, Realtors - Diana Realty
(410) 893-1200
Listed By:
Steve R Kuzma · License #ABR004791
(410) 808-1010
Source:
Cummingsrealtors
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 28 at 8:14AM
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 Weichert, Realtors - Diana Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gas station property includes a 3,612-square-foot block building constructed in 1955 on a 0.78-acre corner parcel. The building is divided into two units with separate utilities and includes walk-in coolers. A large canopy and enclosed area behind the structure add functional site improvements. The property is offered strictly AS-IS.
Access includes two points from US Route 40 and another from Delaware Ave, with 240 feet of frontage along US Route 40. The signalized corner setting provides direct exposure at the intersection. A billboard is included with the property. The existing configuration and site features support consideration for drive-through service, a bank, convenience retail, coffee, or doughnut operations, subject to applicable approvals.
Access includes two points from US Route 40 and another from Delaware Ave, with 240 feet of frontage along US Route 40. The signalized corner setting provides direct exposure at the intersection. A billboard is included with the property. The existing configuration and site features support consideration for drive-through service, a bank, convenience retail, coffee, or doughnut operations, subject to applicable approvals.
Key Highlights
- 0.78‑acre signalized corner parcel
- 3,612 SF block building constructed in 1955
- Two access points on US Route 40 plus one on Delaware Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,326
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,520
$1.3M
Cap Rate 7%
$904,657
$904.7K
Cap Rate 9%
$703,622
$703.6K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$86.7K $24.00/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$84.4K $23.38/SF
− OpEx
−$21.1K −$5.84/SF
NOI
$63.3K $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%
$1,266,520
Cap Rate 7%
$904,657
Cap Rate 9%
$703,622
Alternative Uses
Best Use
Specialty Retail
$904.7K
$791.6K – $1.06M
NOI $63,326 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$687.6K
$601.7K – $802.2K
NOI $48,133 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,766 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 25%
Shops & Services 23%
Superstores 15%
Home Improvements & Furnishings 14%
Food Lion Grocery Store
Groceries
21,979 visits/mo
0.3 miles
Big Lots
Superstores
16,962 visits/mo
0.1 miles
Sheetz
Shops & Services
16,263 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
16,116 visits/mo
0.5 miles
Staples
Office Supplies
12,768 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Two units with separate utilities, walk-in coolers, a canopy, and a fenced rear area support flexible operations.
Where is this gas station located?
The property is located at 703 E PULASKI HIGHWAY Elkton, MD.
What is the asking price?
The asking price for this property is $1,300,333.
What are key features of this property?
This property features: 0.78‑acre signalized corner parcel; 3,612 SF block building constructed in 1955; Two access points on US Route 40 plus one on Delaware Ave
