35
$1,250,000 Sale
Listed 1 day
116 N CHARLESTON AVE
· 0
· 0
· -
· 2562
Key Facts
Key facts for 116 N CHARLESTON AVE
Property Type
Commercial
Parking
0 garage
MLS #
TB8556523
Size
2562 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$10,137 /yr
Days on Market
-
Year Built
1965
Maintenance Fee
-
Description
CapStar Real Estate presents the Income-producing retail investment on US Highway 17 in downtown Fort Meade. Offered at $1,250,000, this property features a Circle K convenience store and laundromat totaling approximately 4,062 SF across two buildings on 0.37 acres. The corner location at N Charlest...on Avenue and 2nd Street offers highway frontage, 15 on-site parking spaces, and exposure to approximately 24,500 vehicles daily, as cited in the appraisal. Reported improvements include convenience-store renovations in 2013 and laundromat renovations in 2025. The appraisal identifies Circle-K Stores, Inc. as the master tenant for the entire property, with the laundromat subleased to Bright Laundromat, LLC. Appraisal-reported annual rent and NOI of $73,769 indicate a 5.90 capitalization rate at the asking price, based on the appraisal’s absolute-net lease assumption. Current rent, lease term, renewal options, and expense responsibilities are subject to verification. Sale includes the leased-fee real estate interest only. The adjacent Circle K-owned fuel parcel, canopy, tanks, and pumps are excluded. Operating businesses, tenant-owned equipment, and inventory are not included. Buyer to verify all property, financial, lease, and environmental information. Please do not disturb tenants or employees; all inquiries and showings must be coordinated through the listing agents.
Similar Properties (No results)
Listing courtesy of: CAPSTAR REAL ESTATE LLC, 727-744-0273

Listings courtesy of Stellar MLS as distributed by MLS GRID.