79 Plum Crk Rd North East, MD 21901-5345
- Investment properties
- 4,024 SF
- 0.46 lot acres
Current Use by Public Records
- Investment properties
Property Details for 79 Plum Crk Rd
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 0.46 lot acres
- Property size
- 4,024 SF
- Zone code
- LDR
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 05-055997
- APU
- 5055997
Description
This 4,200 square foot retail building, located at 79 Plum Creek Rd in North East, Maryland, presents a unique investment opportunity. Currently operating as a convenience store and liquor store, this established business benefits from a long-standing, grandfathered use within the LDR zoned 0.359-acre lot. The main floor comprises 3,200 square feet of retail space, including a walk-in cooler, ideal for continued operation or potential expansion. A 1,000 square foot apartment, currently under renovation, occupies the second floor and features a private entrance, offering additional income potential or owner occupancy. The property, built in 1950, requires some updating, but its prime location, serving local boat marinas and residents for years, offers significant upside. The property includes a seven-day beer, wine, and liquor license and convenient access via local roads on three sides. The current operating hours are Sunday-Thursday 10 AM to 7 PM and Friday-Saturday 10 AM to 8 PM. The property utilizes a private well and septic system. This is a rare chance to acquire a well-established business with substantial potential in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $250,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $210,000
- Mixed-Use
- $230,000
- Hospitality
- $260,000
- Educational
- $235,000
- Residential Income
- $210,000
- Energy
- $210,000
- Income-Based Land
- $260,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- North East
- County
- Cecil
- State
- Maryland
- Longitude
- -75.9538
- Latitude
- 39.5596
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA