103 Court House Plz Elkton, MD 21921
- Office buildings
- 3,500 SF
- 0.08 lot acres
Current Use by Public Records
- Title Abstract & Research Inc / Title Company
- Mc Allister Michael S / Land Surveyor
- Precision Mold Inspections / Environmental Consultant
Property Details for 103 Court House Plz
- Year built
- 1963
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Property size
- 3,500 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 03-050807
- APU
- 3050807
Description
This exceptional commercial property, located at 103 Court House Plaza in Elkton, Maryland, presents a rare opportunity for businesses seeking a prestigious downtown address. The 5,250 square foot building sits on a 0.08-acre lot and is ideally situated in the heart of the Central Business District, just steps from the Elkton Circuit Court. The property offers three levels of versatile office space, perfect for a variety of professional uses. The first floor features five private offices, a kitchenette, and a half bath, providing a functional space for daily operations. The second floor includes a welcoming reception area, a spacious conference room, five additional offices, and three half baths, ideal for meetings and team collaboration. The third floor boasts another reception area, six offices, an open workspace area offering flexibility for different business needs, and two half baths. This layout provides ample space for a growing business to thrive. The building's prime location and adaptable design make it suitable for law firms, professional services, or any business seeking a prominent downtown presence. Priced at $659,000, this is a unique opportunity to acquire a well-positioned commercial property in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $230,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $300,000
- Mixed-Use
- $310,000
- Hospitality
- $240,000
- Educational
- $240,000
- Residential Income
- $305,000
- Energy
- $265,000
- Income-Based Land
- $225,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Elkton
- County
- Cecil
- State
- Maryland
- Longitude
- -75.8294
- Latitude
- 39.6085
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA