$3,200,000
$3,950,000
19.0%For more information regarding the value of a property, please contact us for a free consultation.
20,000 SqFt
SOLD DATE : 01/13/2020
Key Details
Sold Price $3,200,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $160
Subdivision St Michaels
MLS Listing ID 1001758578
Sold Date 01/13/20
HOA Y/N N
Originating Board MRIS
Year Built 1900
Annual Tax Amount $21,155
Tax Year 2017
Lot Size 1.210 Acres
Acres 1.21
Property Description
Five Gables Inn & Spa - Lovely Expandable Commercial Hotel (currently 20 rooms) Nestled in St Michaels, Maryland - Talbot County - 45 minutes Bay Bridge, 1 1/2 hr Baltimore, Washington, Philadelphia - 4 hrs driving distance from largest population base in America. OPPORTUNITY to acquire a well-performing Inn in an upscale prospering market - Extremely high barriers to entry - Ownership downsizing
Location
State MD
County Talbot
Zoning COMM.
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 02-064286
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jonathan T Ginn • Meredith Fine Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "