1120 S Central Ave - Drug Store FOR SALE


Laurel, DE 19956
$1,299,000 USD
443-944-4464
1120 S Central Ave, Laurel, DE for Sale
$1,299,000 USD
Drug Store - FOR SALE
1/2
null | Request Cap Rate

1120 S Central Ave
Laurel, DE 19956


HIGHLIGHTS

  • 7,006 SF free-standing open concept building
  • Zoned C-B with capability for retail, office, medical, self-storage or service-oriented businesses
  • Multiple points of ingress/egress
  • Large existing parking lot

OVERVIEW

Investment Opportunity in Laurel, DE. This 7,006 SF free-standing commercial building sits on 4.4 acres along Laurel, DE's main corridor, just miles from Rt 13, the major N/S corridor for the Eastern Shore. Offering high visibility, multiple points of ingress and egress, plentiful parking and additional land for development or expansion, the property is positioned for growth. The building on site was a very well performing Rite-Aid Pharmacy that was in operation for many years. With a wide-open floor plan and a small warehouse and office space in the rear of the building, the property is very versatile. A new roof (less than 5 years old) and brand new HVAC systems (about 1 year old) demonstrate that this property has been well maintained over the years. C-B zoning provides excellent flexibility for retail, office, medical, or service-oriented businesses, making this an ideal property for investors or owner-occupants

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

Q

APN/PARCEL ID

332-01.00-8.00

ASK ABOUT THIS PROPERTY

Meredith MearsSVN | Miller Commercial Real EstateMore Info
443-944-4464

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Meredith MearsSVN | Miller Commercial Real EstateMore Info
443-944-4464

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