1338 Hwy Elkton, MD 21921
- Investment properties
- 1.80 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1338 Hwy
- Year built
- 1988
- Lot size
- 1.80 lot acres
- Property type
- Investment properties
Description
This exceptional 1.8-acre mixed-use property in Elkton, MD, presents a lucrative investment opportunity. Located on Route 40, just outside North East, this property boasts a prime location with high visibility and traffic flow. The current business operation, Rogers Landscaping Supplies, occupies a portion of the site. The property also includes a substantial residential component: a four-bedroom, four-bathroom home with an attached four-car garage. The lower level of the home is adaptable, having previously been approved for use as a separate living space or daycare center. Adding to the income potential are several additional residential/office rental buildings currently occupied by tenants, generating consistent rental income. A large commercial garage, with three bays and ample height to accommodate trailers, provides further versatility and income streams. The property's diverse offerings, combined with its strategic location, create a multitude of possibilities for future development and expansion. This is an exceptional opportunity for an investor seeking a high-return, mixed-use property with significant income potential and flexibility. The asking price is $895,000. The property is zoned for mixed-use development.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkton
- County
- CECIL
- State
- Maryland
- Longitude
- -75.8416
- Latitude
- 39.6237
