510 W Main Street Crisfield, MD 21817
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / David Willman

  510 W Main Street Crisfield, MD 21817

Active (263 Days)
$415,000

Description

Multi Unit Commercial & Multi Family Investment property in growing Crisfield Md. up for sale! This property has 3 residential apartment units and has one of the Best Locations right in the heart of Crisfield and on the Major Rd with Tons of Traffic and Visibility. It has been updated over the last 10-20 Years with all Residential and Commercial Units having Central Air and Heat systems installed, Replacement Windows,Roof, and the Electrical and Plumbing Systems Replaced / Updated. The Subway restaurant is no longer there, ( Pics reflect when Subway was occupying the property ), The unit is Vacant and ready for a new operator. The apartments generate approximately 2900.00 per month in gross income, When both commercial units are rents, it will provide another 2300.00 per month gross income for a total of 5200.00 a month or more ! You may turn the residential apartments into AIR BNB over time or buy this property and live in one of the units while running your business below! or buy it strictly as an investment! The possibilities are Endless! Crisfield is Growing and the City has many Initiatives and Improvements to its Infrastructure in the Works and offers a great opportunity for new investors and Business owners! Price reflects a great way to Own your own Multifamily and Commercial Building for an entry level price compared to other surrounding Markets. Ask your agent for the financials on this property and the details to see why this Property is a Great Investment Opportunity !

MLS #:
MDSO2004364
Taxes
$2,777(2024)
Lot Size
3,901 SQFT
Type
Multifamily
Year Built
1946
Style
Other
School District
Somerset County Public Schools
County
Somerset County

Listed By

David Willman, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Dec 22 2024 at 2:55 AM GMT+0000
Bathroom Details
Property Features
  • Below Grade
  • Above Grade
Heating and Cooling
  • Heat Pump(s)
  • Central A/C
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electric
Living Area
  • 5,924 sqft

Listing Brokerage Notes
Buyer Brokerage Compensation: 3%
*Details provided by the brokerage, not MLS (Multiple Listing Service). Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 24, 2024
Price Changed
$415,000
-2%
-10,000
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 12/21/24 18:55