Property profile

104 Cedar Ln Fruitland, MD 21826

OFF-MARKET
Strip malls
Property ID
US40-0060971
6,502 SF 0.85 ac lot Built 2012
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail or restaurant space is ideally situated at 104 W Cedar Lane, Unit 400, in Fruitland, Maryland. Boasting a highly visible location just off Route 13 (Salisbury Boulevard - Ocean Highway) and W Cedar Lane, this property benefits from significant daily traffic and excellent exposure to potential customers. The space is currently configured for retail or restaurant use, making it an attractive opportunity for a variety of businesses. The annual lease rate is $21,000, plus NNN charges. Further details regarding the specific square footage and any included amenities are available upon request. This prime location offers unparalleled access to a thriving community and presents a unique chance to establish or expand a successful business. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property's strategic placement ensures high visibility and accessibility, making it an ideal location for a business seeking strong foot traffic and convenient access for customers. Don't miss out on this chance to secure a prominent retail space in a desirable location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2012
Total area 6,502 SF
Lot 0.85 ac (37,027 SF)
Zoning code C4
APN 16-015431
UPID US40-0060971

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

104 Cedar Ln Fruitland, MD 21826-1753
Fruitland metro Census 10400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$774k
Blend (final) Blend
$1.14M

Owner & transaction history

since 2017
5 recorded transactions
2017
$1.1M
2012
$72,600
2005
$380,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C4 · Fruitland, MD
Zoning description

The purpose of C4 zone is to provide highway parks, highway highway on single lots, agricultural uses (limited to the growing of fruits, grains and vegetables)

General category COMMERCIAL
Top alternative use upside
Medical building $1.1M +43.2%
Restaurant $1.1M +32.4%
Office building $1.0M +28.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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