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Property profile & analytics
OFF-MARKET
Auto shops

101 6th St Ridgely, MD 21660-1956

1,512 SF 0.38 ac lot Built 1950
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US40-1612162
Property summary
AI-generated overview

This fee-simple mixed-use property in Ridgely, Maryland, presents a compelling investment opportunity. Located at 101 6th St, 21660, this 0.38-acre lot boasts 183 feet of road frontage on a busy corner, ensuring high visibility and ample drive-by traffic. The single-story building, formerly a gas station (with tanks removed), has undergone significant renovations, including a new roof, windows, front door, garage doors, and a newly constructed stone driveway and parking area. Exterior metal siding is currently being installed. The interior features a spacious office area separate from the garage, which includes three 10' x 10' bay doors. The property is zoned "C" and is situated near other established businesses, including a Dollar General and a long-standing hardware store. The expansive lot offers potential for expansion, such as an addition or a separate building (subject to town council approval). The asking price is $350,000, with an occupancy date of July 31, 2024. This property is ideal for a variety of commercial or industrial uses.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction BRICK
Total area 1,512 SF
Lot 0.38 ac (16,707 SF)
Zoning code C1
APN 07-014155
UPID US40-1612162
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
  • Delmarva Overhead Doors Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Blaine Enterprise LLC · 9 yrs held
Blaine Enterprise LLC
since 2017
2 recorded transactions
2017
$120,000
2013
$220,000
Zoning & alternative use
C1 · Ridgely, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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