For Sale
$895,000

1338 HwyElkton, MD 21921

1.8 Acres, High-Traffic Location, Great Income Potential

Overview

Added:
Feb 3
Days on market:
70
This exceptional 1.8-acre mixed-use property in Elkton, MD, presents a lucrative investment opportunity. Located on Route 40, just outside North East, this property boasts a prime location with high visibility and traffic flow. The current business operation, Rogers Landscaping Supplies, occupies a portion of the site. The property also includes a substantial residential component: a four-bedroom, four-bathroom home with an attached four-car garage. The lower level of the home is adaptable, having previously been approved for use as a separate living space or daycare center. Adding to the income potential are several additional residential/office rental buildings currently occupied by tenants, generating consistent rental income. A large commercial garage, with three bays and ample height to accommodate trailers, provides further versatility and income streams. The property's diverse offerings, combined with its strategic location, create a multitude of possibilities for future development and expansion. This is an exceptional opportunity for an investor seeking a high-return, mixed-use property with significant income potential and flexibility. The asking price is $895,000. The property is zoned for mixed-use development.

Property Details for 1338 Hwy

Property type
Investment properties
Year Built
1988
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Elkton
County
CECIL
State
Maryland
Latitude
39.6237
Longitude
-75.8416
1338 Hwy, Elkton, Maryland

FAQs

What type of property is this?
Investment property - 1.8 Acres, High-Traffic Location, Great Income Potential
Where is the investment property located?
The property is located at 1338 Hwy Elkton, MD.
What is the asking price?
The asking price for this property is $895,000.
How can I contact the broker?
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1338 Hwy
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