0 Rte 40 - Pulaski Hwy, Elkton, MD 21921
This exceptional 21.927-acre commercial land parcel presents a remarkable investment opportunity in Elkton, Maryland. Boasting 469 feet of frontage on Route 40 (Pulaski Highway), this property enjoys unparalleled high visibility and accessibility. Located within the City of Elkton limits and conveniently situated just south of a Super Walmart, this site benefits from significant existing traffic and commercial activity. The property is zoned C-2, allowing for a wide range of commercial development possibilities. Wetlands have been delineated (approximately 1.54 acres), falling under Maryland Department of the Environment (MDE) jurisdiction, but not under the US Army Corps of Engineers (USACE). This site is ready to be developed, offering significant potential for investors seeking a high-impact commercial project. The property's location within an Opportunity Zone adds further investment appeal. The APN is 0803015378. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving location with excellent visibility and development potential. The asking price is $4,950,000. The property is located at Route 40 - Pulaski Hwy, Elkton, MD 21921.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.