$850,000
$895,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
3,979 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,979 sqft
Price per Sqft $213
MLS Listing ID MDTA2006158
Sold Date 12/29/23
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $7,294
Tax Year 2023
Lot Size 3,838 Sqft
Acres 0.09
Property Description
INVESTOR ALERT! This prime retail space is located in the heart of downtown St. Michaels amongst shopping and fine dining. The property is currently under a triple net lease, the annual net income is $57,402 with the annual gross revenue being $71,892! The building was built in 1987 consisting of 3,979+/- sqft of commercial space. The first floor has been modernized and opened up making it a perfect retail space. The second floor consists of 3-offices and an open area. There is the potential to create a short-term rental on the 2nd floor once the tenants lease has expired/terminated. The building backs to a large public parking lot, perfect for customer parking and use for delivery trucks.
Location
State MD
County Talbot
Zoning C
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 2102066890
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kimberly D Kepnes • Monument Sotheby's International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "