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Property profile & analytics
OFF-MARKET Estimated value $695,000
Motels

405 Pulaski Hwy Elkton, MD 21921-6019

4,572 SF 1.96 ac lot Built 2011
Entity Owned 1-yr Hold Free & Clear
Property ID
US40-1403808
Property summary
AI-generated overview

This exceptional 5-acre corner parcel in Elkton, Maryland, presents a prime ground lease opportunity for an industrial, retail, or convenience store development. Ideally situated at 405 W Pulaski Hwy, this property boasts a highly visible location at a signalized intersection, ensuring maximum exposure to a substantial daily traffic volume exceeding 36,000 vehicles. The land's classification includes Industrial, IOS (Island of Service), Gas Station, and C-Store designations, offering considerable flexibility for a variety of commercial uses. The single-tenancy nature of the property simplifies development and management. The lot size falls within the 1-5 acre range, making it suitable for a range of projects. This strategic location in the Elkton submarket provides excellent access to major transportation routes and a strong customer base. The high traffic counts and prominent corner location make this an unparalleled opportunity for businesses seeking significant visibility and accessibility. This is a rare chance to secure a substantial parcel of land in a thriving commercial area, ready for immediate development. The property is offered as a ground lease, providing a flexible and potentially cost-effective entry point for the right tenant. Interested parties should be prepared to present a detailed development plan and financial proposal.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2011
Construction WOOD
Total area 4,572 SF
Lot 1.96 ac (85,378 SF)
Zoning code C2
APN 03-052850
UPID US40-1403808
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
  • Sutton Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k
Owner & transaction history
Gc Road LLC · 1 yrs held
Gc Road LLC
since 2024
2 recorded transactions
2024
$1.0M
2006
Price N/A
Zoning & alternative use
C2 · Elkton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source The Mayor and Commissioners
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