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1700 Old Eastern Ave 3 Properties Offered at $899,999 in Essex, MD
Executive Summary
PROPERTY HIGHLIGHTS
Rare mixed-use property with exceptional
income-producing potential
Zoned for light industrial use
Three separate residential buildings +
freestanding retail space
Two single-family homes, each divided into 2
units (total of 4 units)
Retail building at the front is currently operating
as a liquor store
Rear portion of retail building configured as a 12-
room hostel (6 rooms occupied) with 2.5 baths
Ample open parking for residents, guests, and
customers
Rare mixed-use property with exceptional
income-producing potential
Zoned for light industrial use
Three separate residential buildings +
freestanding retail space
Two single-family homes, each divided into 2
units (total of 4 units)
Retail building at the front is currently operating
as a liquor store
Rear portion of retail building configured as a 12-
room hostel (6 rooms occupied) with 2.5 baths
Ample open parking for residents, guests, and
customers
Property Facts
| Price | $899,999 | Number of Properties | 3 |
| Price / SF | $78.00 / SF | Individually For Sale | 0 |
| Cap Rate | 3.70% | Total Building Size | 11,538 SF |
| Sale Type | Investment | Total Land Area | 0.64 AC |
| Status | Under Contract |
| Price | $899,999 |
| Price / SF | $78.00 / SF |
| Cap Rate | 3.70% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 11,538 SF |
| Total Land Area | 0.64 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1700A Old Eastern Ave, Essex, MD 21221 | Multifamily | 5,328 SF | - | - |
| 1700R Old Eastern Ave, Essex, MD 21221 | Multifamily | 2,336 SF | - | - |
| 1700 Old Eastern Ave, Essex, MD 21221 | Retail | 3,874 SF | 1991 | - |
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1700 Old Eastern Ave
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