602 6Th StDenton, MD 21629

Property Details for 602 6Th St

Year built

1935

Construction

FRAME

Lot size

1.90 AC

Property size (Sq ft)

936 SF

Zone code

HC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03-023524

APU

3023524

Description

This exceptional mixed-use property, located at 602 6th Street in Denton, Maryland, presents a unique investment opportunity. The building boasts 936 square feet of space, offering versatility for a variety of commercial and residential uses. Situated on a generous 1.9-acre lot, the property provides ample space for expansion, parking, or outdoor amenities. The asking price is $395,000, representing a compelling value in the current market. The property's location in Denton offers easy access to local amenities, transportation routes, and a thriving community. Its mixed-use zoning allows for creative development and adaptation to suit diverse business needs. This is an ideal opportunity for an investor seeking a strong return on investment or a business owner looking to establish a presence in a desirable location. The substantial lot size offers significant potential for future development or expansion, adding to the property's long-term value. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift start to your business venture or investment strategy. Don't miss this chance to acquire a versatile and well-situated property in the heart of Denton.

• CAP approach

  CAP return

  Valuation

  6%

  $201,823

  6.5%

  $186,298

  7%

  $172,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $58,884

  Geo Method

  $58,884

• Alternative Use

  Use

  Valuation

  Residential

  $231,010

  Hospitality

  $211,604

  Educational

  $176,052

  Medical

  $182,107

  Retail

  $273,859

Location Insight

City

Denton

County

Caroline

State

Maryland

Latitude

38.8932

Longitude

-75.8195

Property Tax & Assessments

FAQs

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