Investment Overview
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