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210 N TALBOT ST Saint Michaels, MD 21663
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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 Sub-Type Retail
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
Water Access N
Accessibility None
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
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Bought with Kimberly D Kepnes • Monument Sotheby's International Realty
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