

38 Elm St
Land | 1.1 acres
Marketing description
Strategically positioned commercial pad site located just off Main Street, directly adjacent to established national retail (Family Dollar), offering immediate access to a proven traffic corridor and consumer base. This ±1.1-acre parcel is part of a coordinated commercial development and benefits from a recorded Reciprocal Easement Agreement providing perpetual vehicular and pedestrian ingress and egress, including full access for delivery and service vehicles. The site is not landlocked — access, circulation, and functionality have already been legally established and engineered.
Positioned behind a successful national retailer that sold for $1.99M, this property represents the logical next phase of development within an already activated retail environment. The surrounding infrastructure, shared access system, and prior planning significantly reduce typical development hurdles, making this an ideal opportunity for investors or developers seeking a well-located, low-friction commercial site. The parcel offers strong flexibility for a range of commercial uses including service retail, medical, office, or complementary retail, all supported by existing traffic flow and site integration. Opportunities to acquire a secondary commercial pad with established access and adjacency to national tenancy are increasingly limited, particularly at this price point. The property presents a compelling value relative to nearby land sales and delivers meaningful upside potential for the next owner looking to capitalize on an already proven location.
Investment highlights
- ±1.1 Acre Commercial Pad Site positioned directly off Main Street
- Adjacent to National Retail (Family Dollar) with proven consumer traffic
- Recorded Reciprocal Easement Agreement providing full vehicular and pedestrian access
- Not Landlocked – Legal Ingress/Egress Fully Established
- Designed as Part of a Coordinated Commercial Development
- Shared Access, Circulation, and Infrastructure Already in Place
- Supports Delivery and Service Vehicles (Truck Accessible)
- Reduced Development Risk with Existing Site Planning and Approvals
- Flexible Commercial Use Potential (Retail, Medical, Office, Service)
- Located Within an Active Retail Corridor with Established Tenancy
- Offered at ~$454K Per Acre – Competitive Entry Point
- Strong Upside Potential Within Proven Retail Environment
- Ideal for Developers Seeking Low-Friction Site with Existing Access
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