29321 Backtown RdTrappe, MD 21673

Property Details for 29321 Backtown Rd

Year built

1995

Construction

STEEL FRAME

Lot size

3.34 AC

Property size (Sq ft)

3,616 SF

Property type

Auto shops

APN

03-153274

APU

3153274

Description

This exceptional investment opportunity presents a unique chance to acquire one of only two light industrial zoned parcels in the desirable Town of Trappe, Maryland. Situated on a generous 3.34-acre lot, this property enjoys a prime location just 1000 feet from US Route 50 and less than half a mile from the expansive Lakeside development, ensuring high visibility and convenient access. The property comprises four versatile multi-use buildings, totaling nearly 10,000 square feet, currently housing 14 leased rental units, generating a consistent income stream. The existing buildings offer significant potential for further development and customization to meet diverse tenant needs. An added advantage is the availability of an option to construct an additional 3,200 square foot unit, expanding the property's income potential and overall utility. Located within town limits, the property benefits from the convenience of private septic and well services, eliminating reliance on municipal infrastructure. The combination of its size, zoning, location, and existing rental income makes this a truly rare and compelling investment opportunity in Talbot County, where commercial properties of this scale are seldom available. Don't miss this chance to secure a valuable asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $859,116

  6.5%

  $793,031

  7%

  $736,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $532,306

  Geo Method

  $573,256

• Alternative Use

  Use

  Valuation

  Residential

  $668,951

  Hospitality

  $612,756

  Educational

  $509,805

  Medical

  $527,338

  Retail

  $793,031

Location Insight

City

Trappe

County

Talbot

State

Maryland

Latitude

38.6725

Longitude

-76.0599

CBSA code

20660

CBSA name

EASTON, MD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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