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    1584 Elkton Rd Elkton, MD 21921

    Sponsored
    For Sale
    $1,500,000

    Prime 2-acre commercial pad site near I-95.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre commercial land parcel, located at 1584 Elkton Road in Elkton, Maryland, presents a unique investment opportunity. Zoned BI, this pad site is ideally situated for immediate development. The property includes a stormwater management pond and benefits from an existing shared entrance with Route 279, providing convenient access. Its strategic location offers unparalleled visibility and accessibility, being just 0.55 miles from Interstate 95's Exit 109 A & B. This high-traffic area is easily accessible to residents of both Maryland and Delaware. The property is contiguous to the Holiday Inn & Suites, further enhancing its desirability and potential. Public water and sewer services are available. Parcel information includes APN # 0124, Deed 00008/00758, and Account # 03-006530. The asking price for this exceptional property is $1,500,000. This represents a significant opportunity to capitalize on the robust commercial growth in the Elkton area. The property is identified on Map 021l, Grid 0004. Don't miss this chance to acquire a prime commercial development site in a thriving location.

    Property Features for 1584 Elkton Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • $1,500,000 asking price for 2 acres of commercial land.
    • BI zoning.
    • Parcel #0124, Deed 00008/00758, Account # 03‑006530.
    • Pad site, currently wooded, includes a stormwater management pond.
    • 0.55 miles from I‑95 Exit 109 A & B.
    • Shared entrance with Route 279.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.793526
    Latitude
    39.648774

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial pad site near I-95.
    Where is this land located?
    The property is located at 1584 Elkton Rd Elkton, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for 2 acres of commercial land.; BI zoning.; Parcel #0124, Deed 00008/00758, Account # 03-006530.
    Request Owner's contact information
    1584 Elkton Rd Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1584 Elkton Rd Elkton, MD 21921
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