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Bay Manor Apartments 214 Pier 1 Rd 60 Unit Apartment Building For Sale Stevensville, MD 21666
INVESTMENT HIGHLIGHTS
- Prime Kent Island location with immediate access to U.S. Route 50, offering seamless connectivity to Annapolis, Baltimore, and Washington, D.C
- Minutes from outdoor recreation and entertainment at Terrapin Nature Park, Cross Island Trail, and marinas, creating a unique blend of businesses.
- Surrounded by vibrant retail and dining options, including popular destinations like Harris Teeter, Target, and local waterfront restaurants.
EXECUTIVE SUMMARY
BAY MANOR represents the rare investment opportunity to acquire a newly constructed, boutique mixed-use community located in Stevensville, Maryland. Delivered in 2024, Bay Manor features 60 units situated above 17,807 SF of ground-floor retail. Perched along Route 50, the property boasts exceptional regional connectivity with convenient access to Washington, DC, Baltimore, MD, Philadelphia, PA and Wilmington, DE. Additionally, Bay Manor is adjacent to the Bay Bridge Marina, a premier waterfront facility recently acquired by Hinckley Yachts as part of its Mid-Atlantic expansion, as well as the new neighboring Sunset Wharf townhome community (Petrie Ventures), with home prices starting at $2.3 million.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.11 AC |
| No. Units | 60 | Building Size | 80,000 SF |
| Property Type | Multifamily | Average Occupancy | 72% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 2.02/1,000 SF |
| Zoning | UC - Urban Commercial | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.11 AC |
| Building Size | 80,000 SF |
| Average Occupancy | 72% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | UC - Urban Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Waterfront
- On-Site Retail
- Roof Terrace
- Storage Space
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 585 |
| 1+1 | 36 | - | 738 - 1,036 |
| 2+2 | 12 | - | 1,196 - 1,234 |
PROPERTY TAXES
| Parcel Number | 04-030699 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,386,430 |
PROPERTY TAXES
Parcel Number
04-030699
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,386,430
CONTACTS
-
William Harvey -
Lizann McGowan -
Devon Clark -
Christopher Doerr -
Shack Stanwick -
Northmarq
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Bay Manor Apartments | 214 Pier 1 Rd
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