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    OFF-MARKET
    Retail properties & Spaces

    3700-3704 Main St, Grasonville, MD 21638

    21,233 SF 0.6 ac lot Built 1958
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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