Property profile

3700-3704 Main St Grasonville, MD 21638

OFF-MARKET
Retail properties & Spaces
21,233 SF 0.6 ac lot Built 1958
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Property summary

AI-generated overview

This exceptional commercial property, located at 3700-3704 Main St in Grasonville, Maryland, presents a compelling investment opportunity. Priced at $799,000, this 0.6-acre lot boasts two buildings totaling 21,233 square feet, constructed in 1958. The property's prime location offers high visibility and direct access to US 50, ensuring significant traffic exposure. Currently configured as retail space, this property presents great existing revenue prospects. However, its considerable size and strategic location also offer tremendous redevelopment potential, opening doors to a wide array of alternative uses. The property's Class C designation reflects its existing condition, providing an opportunity for value enhancement through renovation or repurposing. An adjoining 8-acre non-commercial parcel is also available for purchase, presenting a unique opportunity to expand the property's footprint and potential. This property is ideal for investors seeking a high-visibility location with significant upside potential in a growing Maryland market. The zip code is 21638, and the property is situated in Queen Anne's County.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1958
Total area 21,233 SF
Lot 0.6 ac (26,136 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3700-3704 Main St Grasonville, MD 21638
Grasonville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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