302 Maryland Avenue, Crisfield, MD

Retail for Sale - $495,000 - 7,000 Sq. Ft. on 1.58 acres

Sperry Van Ness - Miller Commercial

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Agent Info

NameHenry Hanna
CompanySperry Van Ness - Miller Commercial

Property Info

CIMLS #971033
Location302 Maryland Avenue
Crisfield MD 21817
Last UpdatedAugust 1st, 2018
TypeRetail
Price$495,000
Building7,000 Sq. Ft.
Land1.58 acres
DemographicsView data

Contact


Property Description

Investment opportunity in Crisfield, Maryland. 9.39% cap rate. Currently in the 3rd of six options with 5 years each. 7% rent increase at each option.

Location Description:

Located on Maryland Ave (Rt. 413) which is the main road from US Route 13 to Crisifeld, Maryland. The waterside community of Crisfield is located in Somerset County, MD and is the southernmost town in Maryland. Located on the Eastern Shore of the Chesapeake Bay, Crisfield is famous for its seafood - especially the Maryland blue crab - its Watermen, wildlife, natural beauty, simple lifestyle and strong sense of community.

Highlights:

>> LEASED FAMILY DOLLAR - 9.39% CAP RATE

>> CURRENT RENT IS $51,360/YEAR

>> INCLUDES ADD'L 0.57 ACRE LOT

>> LOCATED NEXT TO THE BRAND NEW 12,000 SQ.FT. SOMERSET COUNTY PUBLIC LIBRARY

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