224 Bridge StElkton, MD 21921

Property Details for 224 Bridge St

Year built

1973

Construction

BRICK

Lot size

2.29 AC

Property size (Sq ft)

18,196 SF

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

03-049035

APU

3049035

Description

This exceptional 1,975-square-foot retail space, located at 224 S Bridge St in Elkton, Maryland, presents a fantastic opportunity for a discerning business. Situated in a C2 zoned area of Cecil County, this single-tenant property is part of a larger 20,000-square-foot building constructed in 1972 and extensively renovated in 2015. The space is immediately available and boasts numerous high-quality features, making it move-in ready. Previously occupied by Fresh Source Farms, the unit is in excellent condition and benefits from a recently installed water filtration system with multiple hookups, a three-compartment sink, and a safety eye wash station. Modern LED lighting enhances the space's efficiency and appeal. Pre-installed wiring and connections for four security cameras are also in place, providing added security infrastructure. The property's convenient location in Elkton, Maryland, zip code 21921, offers excellent visibility and accessibility for customers. This is an ideal opportunity for a business seeking a well-maintained, fully equipped retail space in a thriving community. The property's recent renovation ensures modern amenities and a comfortable environment for both employees and customers. Don't miss this chance to establish your business in this prime Elkton location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,839,655

  6.5%

  $9,082,759

  7%

  $8,433,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,372,418

  Geo Method

  $5,991,273

• Alternative Use

  Use

  Valuation

  Residential

  $7,661,647

  Hospitality

  $7,018,028

  Educational

  $5,838,916

  Medical

  $6,039,726

  Retail

  $9,082,759

Location Insight

City

Elkton

County

Cecil

State

Maryland

Latitude

39.6027

Longitude

-75.8297

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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