396 Cypress St - Retail FOR SALE


Millington, MD 21651
$420,000 USD
800-913-4326
396 Cypress St, Millington, MD for Sale
$420,000 USD
Retail - FOR SALE
1/4
null | 5.5% Cap Rate

396 Cypress St
Millington, MD 21651


HIGHLIGHTS

  • Zoning allows retail, office, specialty shop, residential and more - see the town office for details!
  • Walk to stores, restaurants, the supermarket, community pool, parks and more.
  • The town is on the cusp of big growth w/many business opportunities!

OVERVIEW

Investment Opportunity! If you are searching for an opportunity to start or relocate your business with rental potential to offset your mortgage, your search is over. Live in one area and rent out the other two!! This income producer is located in the heart of Millington at the main intersection. With its flexible zoning, the property is well-suited for a blend of commercial, retail, and residential purposes. The property currently has two occupied apartments - one is 2 bedrooms, and the other is 1 bedroom. The lower front area is an unoccupied prime retail space. Zoning allows retail, office, specialty shop, residential and more - see the town office for details! Walk to stores, restaurants, the supermarket, community pool, parks and more. The town is on the cusp of big growth w/many business opportunities! Seller has this adjacent vacant separately deeded lot included in this listing as one sale. Call to discuss separate purchasing. This lot is currently used for off street parking right on the corner. High traffic count as a main route to Delaware. *Please Note--It is the responsibility of the buyer and/or buyer's agent to perform their due diligence with the town and county to determine what uses are acceptable* Schedule your tour today.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,334 SF

ZONING

C-1

APN/PARCEL ID

01-006363

ASK ABOUT THIS PROPERTY

Lona Sue ToddTaylor PropertiesMore Info
800-913-4326

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Lona Sue ToddTaylor PropertiesMore Info
800-913-4326

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