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South Village II 2525 Augustine Herman Hwy

11,986 SF 100% Leased Retail Building Chesapeake City, MD 21915 $7,108,669 ($593/SF) 6.50% Cap Rate

Executive Summary

South Village is a 100% leased Retail Center and is located just south of the C&D Canal with strong traffic patterns and great access and visibility to Augustine Herman Highway. The center is oriented in 4 separate buildings including a drive through configuration on the north most building. There is a diverse mix of tenants that operate within this center. Full details are available with a completed confidentiality agreement. Please do not contact or disturb the tenants. This is one of two retail properties that can be purchased individually or as a package.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,986 SF
Building Class
A
Year Built
2007
Price
$7,108,669
Price Per SF
$593
Cap Rate
6.50%
NOI
$462,063
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.44 AC
Zoning
GC
Parking
90 Spaces (7.51 Spaces per 1,000 SF Leased)
Frontage
356 FT on Augustine Herman Hwy

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-020742
Land Assessment
$324,000
Improvements Assessment
$1,084,700
Total Assessment
$1,408,700
  • Listing ID: 27072145

  • Date on Market: 11/8/2022

  • Last Updated:

  • Address: 2525 Augustine Herman Hwy, Chesapeake City, MD 21915

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