Property profile

224 Bridge St Sta A Elkton, MD 21921

OFF-MARKET
Strip malls
Property ID
US40-1288041
18,196 SF 2.29 ac lot Built 1973
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,975-square-foot retail space, located at 224 S Bridge St in Elkton, Maryland, presents a fantastic opportunity for a discerning business. Situated in a C2 zoned area of Cecil County, this single-tenant property is part of a larger 20,000-square-foot building constructed in 1972 and extensively renovated in 2015. The space is immediately available and boasts numerous high-quality features, making it move-in ready. Previously occupied by Fresh Source Farms, the unit is in excellent condition and benefits from a recently installed water filtration system with multiple hookups, a three-compartment sink, and a safety eye wash station. Modern LED lighting enhances the space's efficiency and appeal. Pre-installed wiring and connections for four security cameras are also in place, providing added security infrastructure. The property's convenient location in Elkton, Maryland, zip code 21921, offers excellent visibility and accessibility for customers. This is an ideal opportunity for a business seeking a well-maintained, fully equipped retail space in a thriving community. The property's recent renovation ensures modern amenities and a comfortable environment for both employees and customers. Don't miss this chance to establish your business in this prime Elkton location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Construction BRICK
Total area 18,196 SF
Lot 2.29 ac (99,752 SF)
Zoning code C2
APN 03-049035
UPID US40-1288041

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
  • Take-out & Catering
  • Nail Salon

Location

224 Bridge St Sta, Unit A Elkton, MD 21921-5915
Elkton metro Census 30508 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$584k
Blend (final) Blend
$525k

Owner & transaction history

since 2007
2 recorded transactions
2007
$2.0M
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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