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    OFF-MARKET Estimated value $520,000
    Retail space

    3128 Westminster St, Manchester, MD 21102-1893

    4,430 SF 0.18 ac lot Built 1962
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US40-0102761
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Carroll Drugs Pharmacy
    • UPS Authorized Shipping Provider Courier Service Postal Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $520k
    Owner & transaction history
    Mason Dixon Investors LLC · 21 yrs held
    Mason Dixon Investors LLC
    since 2004
    1 recorded transaction
    2004
    $550,000
    Zoning & alternative use
    BL · Manchester, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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