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21309 Sharp Street
Rock Hall, MD 21661
Asking Price
$585K
Asset Type
Restaurant Retail
Class
Class B
What's Special
Historic building ready for renovation <p>This solid iconic structure was built in 1955 and served as the Rock Hall Firehouse until 2003. It awaits a buyer with vision to develop it for retail, apartments, recreation, etc. use. The town's Comp Plan encourages mixed use development with retail on the first floor and apartments or lodging above. Each level contains approximately 5,000 SF, so the possibility exists for 4+ retail spaces on the first floor and 4+ apartments or lodging spaces above.</p>
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NOI
$80,000
Cap Rate
13.68%
DSCR
2.30
Strong
Cash-on-Cash
25.79%
Monthly Payment
$2,894.261
Annual Cash Flow
$45,268.87