353 Rock Springs Rd Conowingo, MD 21918
This exceptional mixed-use property in Conowingo, MD, presents a unique investment opportunity. The 0.87-acre lot features a 1,760 square foot commercial building with BL zoning, ideal for a variety of light commercial uses. Currently, four residential units generate immediate income, transferring with the title. The commercial building is vacant and ready for immediate occupancy. The property boasts 14 parking spaces (10 paved, 4 gravel), recently updated features including replacement windows (2014), roof replacements (2020 & 2024), and fresh paint (2024). Located at 353 Rock Springs Rd, Conowingo, MD 21918, this property offers a blend of established rental income and significant commercial development potential. The asking price is $575,000 ($326.70/sq ft). Note: Residential units are not available for inspection until after contract execution. This is an excellent opportunity to acquire immediate income and capitalize on the potential for diverse light commercial uses. The property was built in 1950.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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