$210,000
$225,000
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5,568 SqFt
SOLD DATE : 07/11/2023
Key Details
Sold Price $210,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,568 sqft
Price per Sqft $37
MLS Listing ID MDCC2008920
Sold Date 07/11/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,443
Tax Year 2022
Lot Size 5,100 Sqft
Acres 0.12
Property Description
Located on Main Street in downtown Elkton, Maryland, zoned C1, featuring one storefront and 2 apartment rental units (possible three unit with modifications). The storefront (Unit #1) is currently a salon, which has been in operation for many years by the same tenant. The second level apartment (Unit #2) has been remodeled, offering a one bedroom, one bath unit (currently leased). Located behind the storefront, on the main level is a 2-3 bedroom, 2 full bath apartment (Unit #3), which will require extensive renovations. A third apartment rental potential (Unit #4) is located on the third level, also needing renovations, as well as an egress addition to bring it to building code for occupancy. Priced to give the new owner an opportunity to renovate for a successful business/investment opportunity.***PLEASE NOTE--Selling "AS IS". Seller will make no repairs or renovations. Extensive renovation will be needed to allow rental potential for 2 apartments (Units 3 and 4). Current leases are month to month.***121 W. Main Street, Elkton, Maryland
Location
State MD
County Cecil
Zoning C1
Interior
Hot Water S/W Changeover
Heating Hot Water
Cooling None
Flooring Hardwood, Vinyl, Tile/Brick
Heat Source Oil
Exterior
Garage Spaces 4.0
Utilities Available Cable TV Available
Waterfront N
Water Access N
Street Surface Paved
Accessibility None
Road Frontage City/County
Parking Type On Street, Driveway, Private Garage
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cecil County Public Schools
Others
Tax ID 0803052559
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Aaron G Butler • Real Estate Consultants
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