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Browse More Listings in Shopping Center For Sale, Crisfield, MD or Maryland

Shopping Center For Sale

321 Main Street

321-327 Main Street, Crisfield, MD 21817

Price:
$225,000
Gross Leasable Area:
5,000 SF
Price/SF:
$45
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Vacant/Owner-User
Commission Split:
6%
No. Stories:
1
Find Out More...

Last Verified 11/15/2009 Listing ID 16196711

Highlights

Gross income $2,500/month
In historic district

Town Revitilization Plan

Description

REDUCED -- 4 unit commercial building on Main Street next door to police station. and City Hall. Positive cashflow. Contained in an assumable Maryland S corporation. Since May 2005, there has been a $60,000 renovation to the restaurant unit and $25,000 in improvements to the remaining units. REDUCED to $225,000
Gross income $2600/month.

4 unit commercial building on Main Street next door to police station. and City Hall. Positive cashflow. Contained in an assumable Maryland S corporation. In downtown historic district that is in the intitial area of a major revitalization project that is slated to begin immediately.

Expenses:
1. City of Crisfield Sewer and water- $99.28/month, $25/month paid by each tenant
2. Electric - Separate new 200 amp service for each unit, monthly bills paid by each tenant. All units are completely rewired to code. New high efficiency AC units installed in every unit within the last year.
3. Insurance - $1127/year for $325,000 coverage with $1,000 deductible, full exterior glass, $1,000,000 liability each occurrence with $2,000,000 aggregate limit.
4. Taxes: City of Crisfield $761/year and Somerset County $1612.67/yea

In downtown historic district that is in the intitial area of a major revitalization project that is slated to begin immediately.

Contact Prudential realtor, Kathleen Sheeran at 301-332-7527 or at Kathleen.Sheeran@prudentialcarruthers.com

Map of 321-327 Main Street, Crisfield, MD 21817 (Somerset County)

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Created 4/16/2009

Additional Information for 321 W Main Street, Crisfield, MD 21817

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - 321 Main Street

321-327 Main Street, Crisfield, MD, 21817