Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 701 E Pulaski Highway, Elkton, Maryland (the Property). The 20,806 SF warehouse, constructed in 1965, sits on 1.31-acres of Business General (BG) zoned land directly on Pulaski Highway (Rt-40). With 253’ of frontage along Rt-40 (31,1162 VPD) and dual ingress/egress points, the property offers prominent visibility and easy access. The property will be delivered vacant and is well-situated for a user or investor seeking an industrial asset located along one of Maryland’s busiest commercial corridors. With permissive BG zoning, the property is conducive to a multitude of business and industrial uses. Some permitted uses include equipment sales, various auto repair & sales uses, retail sales, and warehouse storage. The prior tenant was a tire company and auto service rents along Pulaski Hwy range from $13/SF NNN to over $20/SF NNN. The building features a 11,550 SF metal warehouse section with 30’ – 33’ clear heights and a 9,255 SF concrete block showroom. While the showroom space is currently built out to a prior tenant’s use, removal of this build out will lead to a clear span warehouse with 14’ clear heights and a recessed ramped drive-in. A loading area with 4 loading docks separates the warehouse and showroom spaces. Elkton is situated in Cecil County, MD near the Delaware border. Pulaski Highway runs parallel to I-95 and connects I-70 in Maryland to I-295 in Delaware. The property is located approximately 1-hour from both Philadelphia, PA and Baltimore, MD and is within a 10-minute drive to I-95. The Trammel Crow Company is in the process of a $700 million mixed-use development spanning over 650 acres along Pulaski Highway in Elkton. The industrial portion of the development, called Commerce Center, is across the street from 701 E Pulaski Highway. It is a 2,786,280 SF industrial site, currently under development, and is expected to bring over 2,000 jobs to Elkton by 2026. Overall, this investment offers the opportunity to own an industrial property in a developing commercial corridor with excellent visibility on a major road. For a qualified borrower, the Seller will provide attractive seller-financing.