Property profile

3128 Westminster St Manchester, MD 21102

OFF-MARKET
Retail space
Property ID
US40-0102761
4,430 SF 0.18 ac lot Built 1962
Entity Owned 21-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail property, located at 3128 Westminster Street in Manchester, Maryland, presents a unique investment opportunity. The building boasts a total of 5,605 square feet, strategically divided between a spacious 4,400 square foot main level and a fully functional 1,200 square foot lower level. The lower level offers versatile space, suitable for expansion of the main business, storage, or even light manufacturing. The property sits on a 0.18-acre lot and includes six dedicated parking spaces, supplemented by abundant free public parking nearby, ensuring convenient access for customers and employees. This prime location in the heart of Manchester, Carroll County, has a rich history, having served as a pharmacy for over 25 years, most recently occupied by a local business since 2011, following CVS. The C3 zoning allows for a wide range of business uses, including but not limited to beauty salons, liquor stores, convenience stores, daycares, restaurants, bakeries, and florists. The building features attractive brick siding, natural gas heating, central air conditioning, and both single and three-phase electrical service. This well-maintained property is priced at $774,999 and offers an excellent chance to establish or relocate your business in a thriving community. Don't miss this opportunity to own a piece of Manchester's commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,430 SF
Lot 0.18 ac (7,672 SF)
Zoning code BL
APN 06-035329
UPID US40-0102761

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
  • Pharmacy
  • Courier Service Postal Service

Location

3128 Westminster St Manchester, MD 21102-1893
Manchester metro Census 506101 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

since 2004
1 recorded transaction
2004
$550,000

Zoning & alternative use

BL · Manchester, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3128 Westminster St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message