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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.

Overview

Property Status
Sold
Lot Size
3,838 Sq.Ft.
MLS ID
MDTA2006158
Property Type
Commercial
Year Built
1987

Features & Amenities

Neighborhood
St. Michaels
Water Source
Public
Heat Type
Heat Pump, Electric
Sewer
Public Sewer
Sales Price
$850,000
Real Estate Tax
$7,294/yr

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210 N Talbot St

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