Entity Owned Property summary
South Village, a prime retail investment opportunity, is a fully leased shopping center located at 2525 Augustine Herman Hwy, Chesapeake City, MD 21915. This 29,000 square foot center boasts a 6.5% capitalization rate and a strong net operating income (NOI) of $462,063, with an asking price of $7,108,669 ($245.13/sq ft). The property features four separate buildings, including one with a drive-through configuration, strategically positioned just south of the C&D Canal for optimal visibility and traffic flow along Augustine Herman Highway. The center enjoys 100% occupancy with a diverse mix of tenants. This property is part of a portfolio of four retail centers available for individual or package purchase. Detailed tenant information is available upon execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Real Estate Agency
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Loan Service Bank
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Real Estate Agency
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Title Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
General Commercial. The General Commercial (GC) District is applied to areas of the Town to accommodate expansion of a broad variety of commercial uses that may benefit from orientation to the highway and to promote an a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GC · Chesapeake City, MDGeneral Commercial. The General Commercial (GC) District is applied to areas of the Town to accommodate expansion of a broad variety of commercial uses that may benefit from orientation to the highway and to promote an a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
General Commercial. The General Commercial (GC) District is applied to areas of the Town to accommodate expansion of a broad variety of commercial uses that may benefit from orientation to the highway and to promote an a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Chesapeake City, MD.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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