3135 Joseph Biggs Memorial HwyNorth East, MD 21901

  • Retail properties
  • 23,544 SF
For Sale
$6,408,266 View listing

Property Details for 3135 Joseph Biggs Memorial Hwy

Year built
2010
Construction
WOOD
Lot size
2.50 AC
Property size (Sq ft)
23,544 SF
Zone code
BG
Property type
Retail properties
Property subtype
Strip malls
APN
05-106494
APU
5106494

Description

College Crossing, a fully leased 24,000 square foot shopping center in North East, Maryland, presents a compelling investment opportunity. Located at 3135 Joseph Biggs Memorial Hwy, 21901, this multi-tenant retail property boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $416,537 and a 6.50% capitalization rate. The asking price is $6,408,266, translating to a price per square foot of $267.01. Benefiting from its strategic location just off I-95 and directly across from Cecil College, the center enjoys high visibility and strong traffic flow. The diverse tenant mix contributes to the property's consistent performance and stable income stream. This property is part of a portfolio of two retail centers, offering the potential for individual or package purchase. The lease type is Net. Further details are available upon request and execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.

3135 Joseph Biggs Memorial Hwy, North East, Maryland

Location Insight

City
North East
County
Cecil
State
Maryland
Latitude
39.6416
Longitude
-75.9603
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,464
$300,300
$2,548,700
$2,849,000
-
$300,300
$2,548,700
$2,849,000

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