101 6th St Ridgely, MD 21660-1956
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Ridgely, MDRidgely. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.