Property profile

109 Stuart Ave Elkton, VA 22827

OFF-MARKET
Retail properties & Spaces
Property ID
US87-3011565
17,043 SF Built 1969
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Property summary

AI-generated overview

This exceptional retail opportunity presents a 17,043 square foot multi-tenant building situated on a 1-2 acre lot at 109 South Stuart Avenue in Elkton, Virginia. The property, built in 1969 and extensively renovated in 2020, comprises three single-story buildings offering a diverse range of retail spaces, currently occupied by a discount store, pharmacy, auto parts store, and restaurant. A significant 6,200 square feet of retail space is currently available, presenting a unique chance for expansion or new tenancy. The property boasts 70 parking spaces, catering to the needs of both tenants and customers. Its B2 zoning allows for a variety of retail uses. The location is highly desirable, benefiting from its proximity to the popular Massanutten Resort and the entrance to the scenic Shenandoah National Park, ensuring high visibility and foot traffic. This lively shopping center is ideally positioned within the growing Elkton, VA market, offering a strong investment potential for discerning buyers. The property's recent renovations ensure modern amenities and a well-maintained environment. This is a rare opportunity to acquire a well-established retail center in a thriving location. The available space is 6,200 square feet, with one 5,200 square foot space currently available.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1969
Total area 17,043 SF
UPID US87-3011565

Cap rate & NOI

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

Location

109 Stuart Ave Elkton, VA 22827
Elkton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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