Investment opportunity in Elkton, Virginia consisting of a 19 pad mobile home park situated on approximately 1.83 acres. The property has an established tenant base with current lot rents generally around $300 per month, providing existing income with potential for future rent growth. The front nine pads are served by public water and sewer, while the rear ten are served by public water and private septic systems. The current mix includes 17 tenant owned homes as well as one park owned home. The Town of Elkton has identified improvements needed to the property’s electrical infrastructure, including a new meter bank. Prospective purchasers should review the available documentation regarding the electrical system and independently verify the scope, cost, timing, and requirements associated with the work. Financial information, rent roll, utility information, septic documentation, and additional property records are available to qualified prospective purchasers upon request and execution of an NDA. Please do not disturb tenants.
Discover a unique investment opportunity in the heart of Elkton! Welcome to The Loading Dock, a versatile 11,916 SF commercial property ideally situated in the Town of Elkton, VA. This well-maintained building has seen numerous updates and is fully leased, making it a prime option for an investor or owner-operator ready to step in and manage. Current tenants include a salon, professional office, a vintage retail shop, a church, and a Pilates studio, offering a diverse and stable income stream. Zoned B-1, this property supports a wide range of commercial uses. Additional highlights include 8 dedicated parking spaces with abundant public parking nearby, ensuring easy access for tenants and customers alike. This is a rare chance to own a prominent income-producing property in a thriving community location.
Elkton is located in Virginia. Elkton, Virginia has a population of 2,938. Elkton is less family-centric than the surrounding county with 19.29% of the households containing married families with children. The county average for households married with children is 31.36%.
The median household income in Elkton, Virginia is $53,750. The median household income for the surrounding county is $67,484 compared to the national median of $69,021. The median age of people living in Elkton is 42.3 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 39.8 inches per year, with 18.9 inches of snow per year.
