Listed by SB Real Estate
$2,950,000
601 N Bridge St
Details
APN 03-039323
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 30,155
Cap Rate 7.53%
Occupancy 87.2%
Tenancy Multi
Brand/Tenant Cecil Whig, The Mailbag
Price per SqFt $98
Class C
Year Built 1960
Year Renovated 2014
Acreage 2.090
Zoning C2 Commercial
Parking Spaces 60 spaces
Parking per 1,000 SqFt 1.99
Retail | 7.53% CAP | 30,155 SqFt
Marketing description
SB Real Estate is proud to be offering this purchase opportunity in downtown Elkton, MD. This large building was the former home of the Cecil Whig newspaper before being purchased by the current owner in 2014 and converted into four (4) demised leasable areas. It is currently occupied by the Cecil Whig, The Mailbag, Retro Rays Arcade and Quantum Controls. The current owners have maintained and improved the building over the last eleven years very effectively. Please see the attached financial analysis which includes current rent roll and expenses.
Investment highlights
- 4 Tenants, 87.2% occupancy
- Paved parking, 60 spots
- Heat / AC, fully conditioned
- 266' of frontage on Bridge St
- Zoned C2 Commercial
Listing Contacts
Listed by SB Real Estate
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