703 Pulaski HwyElkton, MD 21921

This 0.78-acre C2-zoned lot in Elkton, MD, offers a unique redevelopment opportunity. Located at a signalized intersection on Route 40 (E Pulaski Hwy), this property boasts excellent visibility and accessibility, with over 25,000 cars passing daily. The existing 3,612 square foot building, formerly a gas station with two tenants, presents a chance to reposition the space. The site benefits from public water and sewer, and a Maryland Department of the Environment (MDE) confirmation of no soil contamination. Across the street is the Southfield development, a major commercial and residential project adding over 3 million square feet of commercial space and 1,300+ homes. Neighboring businesses include established national chains like Rite Aid, Starbucks, and Chipotle, indicating a strong retail environment. This prime corner lot presents an exceptional investment opportunity in a rapidly growing market, ideal for various retail uses permitted under the C2 zoning. The asking price is $1,600,000, with a price per square foot of $442.97. The property was built in 1900 and features one single-story building. This is a chance to capitalize on the significant growth and high traffic volume in this thriving Elkton location.