Properties for Sale

Please contact us for a complete listing of available properties!

Historic 1903 Bank Bulding
Stevensville, Maryland

Location: Historic 1903 Bank Building on the National Register of Historic Places. Original fixtures still in place, including the vault & safe. Located in the Stevensville Arts & Entertainment District.  Situated next to the Amalfi Coast Italian Wine Bar. Located 3 miles from the Chesapeake Bay Bridge, 35 miles SE from BWI Airport, 44 miles SE from Baltimore, and 43 miles east of Washington, DC.

Building: 740+/- square feet of building (37’ x 20’) with two (2) half baths & high tin ceilings on 2,725+/- square feet of land with two (2) parking spaces on site. Commercial Zoned Village Commercial VC.  The building faces the street on the west side of Love Point Road near the center of Stevensville, MD. It features the original ornamental pressed-tin ceiling. It is the oldest bank building on Kent Island and among the earliest surviving banks in the country. The original interior is virtually untouched, leaving the tellers’ counter and vault intact. *Wood stove and cash register do not convey.*

Asking Price: $390,000 or Offer

Contact Rachel at 301-514-3069 or Rachel@marstellerrealty.com for more information or to make an offer.

 

Rite Aid (Walgreens Credit)
Shepherdstown, West Virginia

Location: Located at the NE corner of Martinsburg Pike (Rt.45) and Maddex Square Drive. Located adjacent to Food Lion, United Bank, McDonalds, Quality Inn and less than a mile from Shepherd University with an enrollment of 3,779 students.

Building11,597 +/- sf building built in 1998 with drive-thru window.

 

Land: 1.74+/- acres of land.

Existing Lease: Tenant has been on site for 20 years just exercised it first five year option running until March 30, 2023 on a corporate NN lease, with three, five-year options remaining with rare approx. 3.9% rental increases in each of the options. Landlord is responsible for roof and structure.

Rent: $146,167 annual minimum rent vs. 1.5% of sales. Features rare approx. 3.9% rental increases in each of the five-year option periods.

Store Sales: Consistent total store sales reported $4,391,000 for 2017 with an attractive 3.32% rent to sales ratio, excluding beer and wine, lottery, tobacco products, milk & bread, soft drinks, etc. and paying a rent of $12.88 per sq. ft.

Asking Price: $2,165,437 or a 6.75% cap

Contact Rachel at 301-514-3069 or Rachel@marstellerrealty.com for more information or to make an offer. 

 

 

 

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