12146 Somerset Ave - Freestanding FOR SALE


Princess Anne, MD 21853
$399,000 USD
410-603-2826
12146 Somerset Ave, Princess Anne, MD for Sale
$399,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

12146 Somerset Ave
Princess Anne, MD 21853


OVERVIEW

Exceptional income-producing and value-add flex retail opportunity located directly adjacent to the heavily trafficked Royal Farms on Somerset Avenue in Princess Anne, MD. This property includes a mix of retail bays suitable for a wide range of neighborhood and service-oriented uses. With strong visibility, consistent traffic, and a prominent location near a major convenience anchor, the site offers solid positioning for future leasing and redevelopment strategies. Beyond the existing income, the property offers a meaningful value-add component with the ability to develop storage units on-site. This additional development option provides a path to increase NOI and enhance long-term asset value through diversified revenue streams. An ideal opportunity for investors, operators, or developers seeking a well-located asset with clear upside potential in the heart of Princess Anne.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,622 SF

ZONING

C-2

APN/PARCEL ID

01-012452

ASK ABOUT THIS PROPERTY

Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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Blair RinnierRinnier Development CompanyMore Info
410-603-2826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.