Property profile

120 Main St Elkton, MD 21921

OFF-MARKET
Office buildings
Property ID
US40-2296161
2,075 SF 0.24 ac lot Built 1900
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail storefront opportunity, located at 120 W Main St in Cecil County, Maryland, offers 2,100 square feet of space perfect for a variety of businesses. Situated in a thriving downtown area, this property enjoys high visibility and foot traffic due to its proximity to Christiana Care hospital and the County Courthouse and offices. The surrounding area boasts a vibrant mix of businesses, including an art gallery, brewery, coffee shops, yoga studio, and bookstore, creating a strong sense of community and attracting a diverse customer base. Currently a shell space, this property presents a blank canvas for a new business to customize to their specific needs. The landlord is willing to negotiate lease terms with qualified tenants, potentially offering free rent to assist with build-out costs. The property features convenient access with both a front entrance on a busy street and a rear entrance with an additional roll-up door. Ample street parking is available, supplemented by a public parking lot at the rear. Zoned C-1, this property offers flexibility for a range of retail uses. This is an outstanding opportunity to establish a successful business in a highly desirable and convenient location. Don't miss out on this chance to become part of a flourishing downtown community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction BRICK
Total area 2,075 SF
Lot 0.24 ac (10,380 SF)
Zoning code C1
APN 03-042839
UPID US40-2296161

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
  • Art Gallery Art Center

Location

120 Main St Elkton, MD 21921-5907
Elkton metro Census 30400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2015
3 recorded transactions
2015
$200,000
2003
$300,000
1969
Price N/A

Zoning & alternative use

C1 · Elkton, MD

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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