2744 Augustine Herman Hwy Chesapeake City, MD 21915

Property Details for 2744 Augustine Herman Hwy

Year built

2016

Construction

STEEL FRAME

Lot size

1.94 lot acres

Property size

9,060 SF

Zone code

BG

Property type

Outlet malls

APN

02-138868

APU

2138868

Description

This exceptional self-storage development opportunity in Chesapeake City, MD, is offered at $925,000. The site plan is approved for a state-of-the-art 50,300-square-foot facility with 503 units, offering a mix of climate-controlled and drive-up options. Located on Augustine Herman Highway (10,000+ ADT), this project benefits from high market rents and a lack of competition within a 3-mile radius. Market analysis shows only 2.5 square feet of self-storage space per person within a 5-mile radius. The development is ideally situated near a local middle and high school and will thrive due to its proximity to the Southfields of Elkton project, a large mixed-use development encompassing 630 acres with residential, retail, commercial, and recreational components. The planned facility will incorporate modern security systems and convenient amenities, ensuring tenant satisfaction. This investment presents a strong return potential in an underserved market with an average household income exceeding $138,000 and over 9,000 cars passing daily. The property's total gross square footage is 59,950 square feet, with a price per square foot of $15.43 and a price per unit of $1,839. This is a turnkey opportunity to capitalize on the growing demand for self-storage solutions in a vibrant and expanding community.

Location Insight

City

Chesapeake City

County

Cecil

State

Maryland

Longitude

-75.8258

Latitude

39.5122

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments