103 Court House PlzElkton, MD 21921

Property Details for 103 Court House Plz

Year built

1963

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

3,500 SF

Zone code

C1

Property type

Office buildings

APN

03-050807

APU

3050807

Description

This exceptional commercial property, located at 103 Court House Plaza in Elkton, Maryland, presents a rare opportunity for businesses seeking a prestigious downtown address. The 5,250 square foot building sits on a 0.08-acre lot and is ideally situated in the heart of the Central Business District, just steps from the Elkton Circuit Court. The property offers three levels of versatile office space, perfect for a variety of professional uses. The first floor features five private offices, a kitchenette, and a half bath, providing a functional space for daily operations. The second floor includes a welcoming reception area, a spacious conference room, five additional offices, and three half baths, ideal for meetings and team collaboration. The third floor boasts another reception area, six offices, an open workspace area offering flexibility for different business needs, and two half baths. This layout provides ample space for a growing business to thrive. The building's prime location and adaptable design make it suitable for law firms, professional services, or any business seeking a prominent downtown presence. Priced at $659,000, this is a unique opportunity to acquire a well-positioned commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,206

  6.5%

  $1,188,191

  7%

  $1,103,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,905

  Geo Method

  $457,310

• Alternative Use

  Use

  Valuation

  Residential

  $1,473,356

  Hospitality

  $1,349,587

  Educational

  $1,122,840

  Medical

  $1,161,456

  Retail

  $1,746,640

Location Insight

City

Elkton

County

Cecil

State

Maryland

Latitude

39.6085

Longitude

-75.8294

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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