2821 Millington RdMillington, MD 21651

Property Details for 2821 Millington Rd

Year built

1940

Construction

BRICK

Lot size

0.14 AC

Property size (Sq ft)

2,576 SF

Zone code

VC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

07-000103

APU

7000103

Description

This exceptional commercial property at 2821 Millington Road, Unit 1, Millington, MD, presents a unique investment opportunity. The 2,576 square foot free-standing building sits on a 0.14-acre corner lot in a high-traffic area, boasting excellent visibility for potential businesses. Previously used as a pizzeria, this adaptable space is perfect for a variety of retail uses, including but not limited to a small restaurant, deli, or convenience store. Its prime location offers significant redevelopment potential, catering to the needs of a growing community. The property benefits from its strategic positioning near major roadways, MD-313 and MD-291, ensuring easy access for customers and employees. Millington's charming small-town atmosphere, coupled with its proximity to the Chester River and local parks, attracts both residents and tourists, creating a consistent flow of potential customers. This property offers a blend of established infrastructure and significant growth potential, making it an attractive investment in a desirable location. The asking price is $199,900. Don't miss this chance to acquire a piece of thriving Millington real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $768,217

  6.5%

  $709,123

  7%

  $658,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,115

  Geo Method

  $408,382

• Alternative Use

  Use

  Valuation

  Residential

  $598,172

  Hospitality

  $547,922

  Educational

  $455,865

  Medical

  $471,543

  Retail

  $709,123

Location Insight

City

Millington

County

Queen Anne's

State

Maryland

Latitude

39.2512

Longitude

-75.8598

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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