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🏢 Just listed — Shopping Center Retail for sale in Mount Airy, MD.

📍 1603 Ridgeside Dr, Mount Airy, MD
🏷  Shopping Center Retail · For Sale
💰 $1.50M
📈 6.00% cap

4-Unit Shopping Center in Affluent Submarket

<ul><li>Fully Leased Neighborhood Retail Strip</li><li>Affluent Suburban Market Fundamentals</li><li>Tight Submarket with Limited New Supply</li><li>Strong Regional Connectivity</li><li>Complementary Service-Oriented Tenant Mix</

Full financials, photos, and broker contact:
https://commrty.com/property/maryland/mount-airy/1603-ridgeside-drive-2465778-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=1603-ridgeside-drive-2465778

#MountAiry #Retail #CommercialRealEstate #CRE #Investment

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Home/MD/Mount Airy

1603 Ridgeside Dr

Mount Airy, MD 21771

Asking Price

$1.50M

Cap Rate

Asset Type

Shopping Center Retail

Class

Class B

What's Special

4-Unit Shopping Center in Affluent Submarket <ul><li>Fully Leased Neighborhood Retail Strip</li><li>Affluent Suburban Market Fundamentals</li><li>Tight Submarket with Limited New Supply</li><li>Strong Regional Connectivity</li><li>Complementary Service-Oriented Tenant Mix</li><li>Stable Lease Term Profile</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

5.33%

DSCR

0.90

Underwater

Cash-on-Cash

-2.01%

Monthly Payment

$7,421.182

Annual Cash Flow

$-9,054.179

Location & Travel Times

Similar Properties Nearby

7.31% CAP

📍

$775K

Class B | Single Family Rental Portfolio

16708 FREDERICK RD, MOUNT AIRY, MD 21771

Listed by Owner · For Sale