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1 West Main Street, Middletown, MD 21769

1 West Main St Middletown, MD 21769

Price: $ 1,400,000

Property Size: 6,910 sqft

Cap Rate: 5.9

Units: 8

Year Built: 1917

Status: Sold

MLS#: MDFR2016438

highlights

Historic Gem in the heart of downtown Middletown, featuring an abundance of old fashion charm and modern flare. The prominent all brick Historic 8-unit multi-Family, mixed-use Arnett building is comprised of 6,910 SF of finished space, and the 2,000 ± SF unfinished third story provides tons of potential for expansion and is partially roughed-in.

This property is currently fully leased to 4 commercial businesses on the first floor, and 3 residential apartments on the second floor, making this an excellent investment opportunity. Separately metered. Zoned GC-General Commercial. Additionally included in this offering is the private 6 car paved adjacent parking lot. Offered at $1,400,000.