1301 E State St - Freestanding FOR SALE


Delmar, MD 21875
$3,700,000 USD
646-329-4000
1301 E State St, Delmar, MD for Sale
$3,700,000 USD
Freestanding - FOR SALE
1/26
null | Request Cap Rate

1301 E State St
Delmar, MD 21875


HIGHLIGHTS

  • Signalized corner
  • Can be built out with up to three units
  • Located within a dense retail corridor

OVERVIEW

The Sparks Agency, LLC is Pleased to this Prime Retail/Medical East Coast Property New Construction property located on East State Street (Rt 54) in Delmar, Maryland. This 14,564 square foot Retail/Medical East Coast Property sits on a large 1.74 acre parcel with three points of access, which allows for numerous redevelopment opportunities in the future if necessary. The property is ideally situated at the busy signalized intersection of East State St (Rt 54) and Sussex Hwy (Rt 13) with over 45,000 vehicles traveling by daily. This is also a high traffic area as its located on the Maryland/Delaware border. Major surrounding tenants including Food Lion, Wawa, McDonald's, Verizon, PetValu and AutoZone to name a few. There are 4,101 people within 1 mile, 10,215 people within 3 miles and 24,132 people within 5 miles. The area has seen home construction and a population growth of 0.94% over the last 5 years which is projected to continue to increase another 1.11% through 2024. There are also numerous new commercial developments under construction and for/sale and lease along Sussex Highway, further proving the popularity of and draw to this area.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

9% Cap rate proforma-Former Rite Aid, Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

C

APN/PARCEL ID

11-028306

ASK ABOUT THIS PROPERTY

Heather SparksThe Sparks AgencyMore Info
646-329-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Heather SparksThe Sparks AgencyMore Info
646-329-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.