Property profile

218 Brg St Elkton, MD 21921

OFF-MARKET
Automotive properties
Property ID
US40-2117242
1,616 SF 2.15 ac lot Built 1966
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This vacant, 1,800 square foot auto repair shop and dealership is situated on a spacious 2.15-acre lot at 218 S Bridge St, Elkton, Maryland, zip code 21921. Built in 1966, the single-story building features three drive-in bays, three lifts (two indoor, one outdoor), and existing office space. The property is zoned C-2, allowing for a variety of uses. The asking price is $699,000, translating to $388.33 per square foot. The location offers excellent road frontage on South Bridge Street, providing high visibility and accessibility. The potential exists to add an additional indoor lift in one of the existing bays. This presents a unique opportunity for an owner-user or investor seeking a well-located, established auto repair facility in a thriving Maryland market. The property's size and zoning provide flexibility for expansion or adaptation to suit various automotive-related businesses. This is a turnkey operation ready for immediate occupancy.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1966
Construction BRICK
Total area 1,616 SF
Lot 2.15 ac (93,654 SF)
Zoning code C2
APN 03-037541
UPID US40-2117242

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
  • Auto Repair Shop
  • Car Wash
  • Car Dealership

Location

218 Brg St Elkton, MD 21921-5915
Elkton metro Census 30508 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$310k

Owner & transaction history

since 2018
7 recorded transactions
2018
$450,000
2018
Price N/A
2015
$486,000
2012
Price N/A
2008
$435,000
2003
$290,000
1969
Price N/A

Zoning & alternative use

C2 · 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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