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    OFF-MARKET
    Land

    2 Elkton Md, Elkton, MD 21921

    2.72 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.72-acre commercial land parcel, located at Commerce Center Drive, Lot 2, in Elkton, Maryland, presents a unique investment opportunity. Situated in Cecil County, zip code 21921, this property boasts a highly visible location immediately off Route 40/Pulaski Highway, near the Delaware state line. The lot offers excellent access from Commerce Center Drive and proximity to a Sheetz convenience store. The parcel is zoned C-2, Highway Commercial, and features public water and sewer availability. With an APN of 03-138995, this 118,483+/- square foot site is ideally positioned to capitalize on the growth along the Route 40 corridor. Nearby development includes planned expansion of an existing carwash and an Apple Auto dealership, further enhancing the property's value and potential. This is a ready-to-develop site in a thriving commercial area. The asking price is $952,000.

    Property profile
    Verified
    Property type Land
    Lot 2.72 ac (118,483 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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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