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Upper Chesapeake Corporate Center 101 Chesapeake Blvd 30,560 SF 100% Leased Office Building Elkton, MD 21921 $8,873,316 CAD ($290.36 CAD/SF) 7.50% Cap Rate

Medical Offices Maryland Elkton 101 Chesapeake Blvd, Elkton, MD 21921

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Investment Highlights

  • Highly desirable and credit worthy tenant mix including the State of Maryland and multiple medical providers
  • Fully signalized intersection
  • Located at the southwest corner of Route 40 (Pulaski Highway) and Chesapeake Boulevard
  • Excellent visibility, boasting 400 ft. of frontage on Route 40

Executive Summary

Upper Chesapeake Corporate Center at 101 Chesapeake Boulevard is a 30,560 SF ± Class B multi-tenant medical, governmental, and office building offered for sale in Elkton, Maryland. Situated on 3.34 AC ± at the signalized intersection of Route 40 (Pulaski Highway) and Chesapeake Boulevard, the property offers excellent visibility, approximately 400 feet ± of frontage, ample on-site parking, and a creditworthy tenant mix that includes the State of Maryland and multiple medical providers. Recent capital improvements and fully improved vacant space position the property for continued occupancy and future leasing opportunities.

Attachments

101 Chesapeake Boulevard_Teaser

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,560 SF
Building Class
B
Year Built/Renovated
1995/2021
Price
$8,873,316 CAD
Price Per SF
$290.36 CAD
Cap Rate
7.50%
NOI
$665,460 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,400 SF
Building FAR
0.21
Lot Size
3.34 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-2 - C-2 zoning in Elkton, Maryland is a Highway Commercial District
Parking
148 Spaces (4.93 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Monument Signage

Links

1 1
101 Chesapeake Blvd, Elkton, MD - Aerial map view - Image1
101 Chesapeake Blvd, Elkton, MD - Aerial map view - Image2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number 03-007375 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $4,887,423 CAD

Property Taxes

Parcel Number
03-007375
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,887,423 CAD
(410) 627-6881

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 41576837

  • Date on Market: 2026-08-06

  • Last Updated:

  • Address: 101 Chesapeake Blvd, Elkton, MD 21921

The Office Property at 101 Chesapeake Blvd, Elkton, MD 21921 is currently available for Sale. Contact MacKenzie Commercial for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

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Photos
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Map
101 Chesapeake Blvd, Elkton, MD for sale Building Photo- Image 1 of 8
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101 Chesapeake Blvd, Elkton, MD for sale Aerial- Image 3 of 8
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101 Chesapeake Blvd, Elkton, MD for sale Aerial- Image 4 of 8
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101 Chesapeake Blvd, Elkton, MD for sale Building Photo- Image 5 of 8
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101 Chesapeake Blvd, Elkton, MD for sale Building Photo- Image 6 of 8
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101 Chesapeake Blvd, Elkton, MD for sale Plat Map- Image 7 of 8
Plat Map
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Upper Chesapeake Corporate Center | 101 Chesapeake Blvd
(410) 627-6881 x

Upper Chesapeake Corporate Center | 101 Chesapeake Blvd

Mike Ruocco
(410) 627-6881

Patrick J. Smith
(847) 346-2701

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