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    FOR LEASE
    Retail space

    7872 Ocean Gtwy, Easton, MD 21601

    8,100 SF 4.04 ac lot Built 1955
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US40-0024144
    Property summary
    AI-generated overview

    This exceptional Easton, Talbot County, development offers a unique opportunity for businesses seeking high-visibility retail and medical space. The project encompasses two new buildings: a two-story, 24,000 square foot Class A medical building, ideal for medical practices or related healthcare services, and a single-story, 18,000 square foot retail building. The retail building offers significant flexibility with subdividable space, allowing for customization to suit various tenant needs. Currently, four individual spaces are immediately available, ranging in size from 1,000 to 18,000 square feet. This prime location in Easton provides excellent access to major roadways and a strong customer base. The development is perfectly situated to capitalize on the area's thriving economy and growing population. Whether you're seeking a large flagship location or a smaller, more manageable space, this development offers a diverse range of options to meet your business requirements. The modern design and high-quality construction ensure a professional and attractive environment for your business. Don't miss this chance to establish your presence in this dynamic and rapidly developing area. Contact us today to learn more about available spaces and leasing options.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1955
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 8,100 SF
    Lot 4.04 ac (175,982 SF)
    APN 01-043404
    UPID US40-0024144
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.25M
    Blend (final) Blend
    $1.21M
    Owner & transaction history
    In-town Properties LLC · 9 yrs held
    In-town Properties LLC
    since 2016
    4 recorded transactions
    2016
    $1.5M
    2007
    2004
    $2.1M
    2003
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.8M +17.7%
    Commercial (general) $1.7M +17.0%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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