3221-3249 Chestnut Ridge Rd - Storefront FOR SALE
Grantsville, MD 21536 |
3221-3249 Chestnut Ridge Rd
Grantsville, MD 21536
HIGHLIGHTS
- 84,410 SF Plaza With National Tenant Anchors Paying Well Below Market Rent
- Former Grocery Box Includes Thousands of Dollars in FF&E
- 51% Occupancy = Value Add Opportunity Through a Releasing Program or Redevelopment With Alternative Uses
- Offering Price at $29.62 PSF Which is Well Below Replacement Cost
- 47% of Tenants are Internet and Pandemic Resistant (Hardware Store, Drug Store, Auto Parts & Dollar Store)
- Anchor Tenants Have Been in Place For an Average of 28 Years, Showing a Longstanding Commitment to the Property
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Grantsville Plaza Strip Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
84410
STORIES
2
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
600
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
03-014339
