11680 Somerset Avenue

    PRINCESS ANNE, MD 21853
    • $1,500,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: MDSO102790
    UPDATED: 84 min ago
    $1,500,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Fantastic opportunity to own and invest in commercial real estate, with high credit state and county tenants and strong Net Operating Income.This profitable 9,592 SF professional office building in downtown Princess Anne is leased to long term stable tenants including The State of Maryland Health Department, USPS, among others. A recent buildout for a parole office, as well as 1,400 feet of parking lot is leased to USPS for a renewed 15 year period.A robust downtown exposure, local health facilities, shopping, library, schools and the County Circuit Court are nearby. This convenient location also provides high visibility and easy access to Route 13. Salisbury Airport is close by, and NSA~s future launch site at Wallop~s Island Flight Facility is just 30 minutes away. Reach Washington, DC easily in 30 minutes as well by air, and 3-hours by car. Public transport infrastructure including the Wilshire Transit/Subway further broadens opportunities for doing business from Princess Anne with national, international and government markets.HIGHLIGHTS & AMENITIES :~High credit tenants~Long term leases~State and County Tenants~Abundant Parking~Courtyard~Exterior Lighting~Convenient Location ~Minutes from Wilshire Rail

    Monthly Payment Calculator



    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-12T23:52:16.523.
    www.helpmerhondarealestate.com/homes/99948655

    11680 Somerset Avenue PRINCESS ANNE, MD 21853

    • Price: $1,500,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: MDSO102790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    1987
    Built
    Neighborhood:
    Somerset East Of Rt-13 (20-02)
    County:
    Somerset
    Area:
    Somerset East Of Rt-13 (20-02)
    School District:
    Somerset County Public Schools
    Property Description
    Fantastic opportunity to own and invest in commercial real estate, with high credit state and county tenants and strong Net Operating Income.This profitable 9,592 SF professional office building in downtown Princess Anne is leased to long term stable tenants including The State of Maryland Health Department, USPS, among others. A recent buildout for a parole office, as well as 1,400 feet of parking lot is leased to USPS for a renewed 15 year period.A robust downtown exposure, local health facilities, shopping, library, schools and the County Circuit Court are nearby. This convenient location also provides high visibility and easy access to Route 13. Salisbury Airport is close by, and NSA~s future launch site at Wallop~s Island Flight Facility is just 30 minutes away. Reach Washington, DC easily in 30 minutes as well by air, and 3-hours by car. Public transport infrastructure including the Wilshire Transit/Subway further broadens opportunities for doing business from Princess Anne with national, international and government markets.HIGHLIGHTS & AMENITIES :~High credit tenants~Long term leases~State and County Tenants~Abundant Parking~Courtyard~Exterior Lighting~Convenient Location ~Minutes from Wilshire Rail
    Exterior Features

    Construction Materials Aluminum Siding Direction Faces East Garage YN No Location Type Corner Lot/Unit Lot Features LandscapingLevelRented LotPrivate Parking Features Asphalt DrivewayFreeLighted ParkingOn-Site - RentPaved ParkingPrivate Parking Types Parking Lot Property Condition Shows WellTurn Key Riparian Rights YN No Roof Asphalt View CourtyardStreet Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 9624.00 Cooling Central A/C Flooring CarpetLaminatedVinyl Heating Radiant Heating YN Yes Net Square Feet 10992.00 Security Features Main Entrance Lock

    Property Features

    Accessibility Features Other Assessment Year 2019 Association YN No Business Type Other/General RetailParking LotReligious Facility Central Air YN Yes Cooling Fuel Electric Electric Other Entry Level 1 Heating Fuel Electric Hot Water Electric Incorporated City Name Princess Anne Navigable Water YN N New Construction YN No Number Of Units Total 6 Operating Expense Includes InsuranceLandscapingPest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 302119544206 Owner Pays InsuranceLawn/Shrub CarePest ControlRepairsSewerSewer MaintenanceSnow RemovalTaxes - Personal PropertyTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 10244.0 Tax Assessment Amount 485500.0 Tax Lot 220 Utilities Above GroundElectric AvailableFiber Optics AvailableMultiple Phone LinesNatural Gas AvailablePhonePhone AvailablePhone ConnectedSewer AvailableUnder GroundWater Available Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning C-1

    Listing courtesy of Northrop Realty, A Long & Foster Company.


    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-12T23:52:16.523.
     
    Mortensen Team | Compass
    7200 Wisconsin Ave, 5th Floor
    Bethesda MD, 20814