Property profile

2 Elkton Md Elkton, MD 21921

OFF-MARKET
Land
2.72 ac lot
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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

Location

2 Elkton Md Elkton, MD 21921
Elkton 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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