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Investment Highlights

  • 2 blocks from Dock
  • Waterfront community with Tourist
  • Downtown with foot traffic

Executive Summary

The cap rate and NOI is 5 year average.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Office
Building Size
1,300 SF
Building Class
C
Year Built/Renovated
1964/2019
Price
$350,000
Price Per SF
$269.23
Cap Rate
14.63%
NOI
$51,200
Business Value
$150,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,300 SF
Building FAR
0.37
Lot Size
0.08 AC
Opportunity Zone
Yes

Amenities

  • Smoke Detector
  • Awning

About 938 W MAIN ST , CRISFIELD, MD 21817

Own your own Real Estate Company. Seller is willing to stay on for 1 year part time. Own a totally renovated building amd turn key business. Perfect location to open your business. Office is located in the middle of town close to the depot, and condos for the boats and tourist. There are 3 separate offices for privacy. Large waiting area and reception area with cozy sitting space. Large meeting/conference room was added on in 2020. Building was totally renovated in 2019 with new LVP flooring, HVAC, new shiplap walls, 2024 all new windows and doors were put in. 2023 a new metal roof and awning was put on. The building is historical as it was originally the Crab Picking Union building in the 60s. It was also an insurance and Real Estate company for many years. . It was bought in 2019 renovated and been a very successful Real Estate Company since. This building could be used for just about any type of office. The seller is an agent and has financial interest in building.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40879101

  • Date on Market: 6/11/2026

  • Last Updated:

  • Address: 938 W Main St, Crisfield, MD 21817

Contact the Sale Advisor

938 W Main St

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