$730,000
$800,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
3,963 SqFt
SOLD DATE : 05/19/2021
Key Details
Sold Price $730,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,963 sqft
Price per Sqft $184
MLS Listing ID MDTA137858
Sold Date 05/19/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,910
Tax Year 2021
Lot Size 2,640 Sqft
Acres 0.06
Property Description
Option 1: Lease 1st and 2nd Floors as a 6-office suite at $3,000/ mo or $19.45 / SF. Option 2: Lease 1st floor for retail at $1,700 / mo, 2nd floor for office at $1,300 / mo, 3rd floor already leased to DC law firm, Option 3: Buy 1st Floor as a condominium unit at $350,000 or 1st and 2nd Floors at $600,000. Option 4: Buy the 3,963 square foot building as an investor at$800,000. Option 5: Buy the building for a live-work purpose, convert the 3rd (or 2nd and 3rd) floors to residential (in Jan. '22) No other listed commercial property in Easton's Town Center offers as much flexibility as this one, nor the extent of amenities and finishes in the common areas, reception, and conference room, as well as kitchens and bathrooms. A full range of services and furnishings are also available. Revenue is currently realized through one three-year lease, two long time M-t-M leases, a la carte services, and virtual office subscriptions. Upside exists with one prime office space to rent, and more focus on the existing executive suites business model. This is a perfect opportunity for an Investor, suites operator, or live/work.
Location
State MD
County Talbot
Zoning CR
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Heat Pump(s)
Flooring Hardwood
Heat Source Electric
Exterior
Garage Spaces 3.0
Utilities Available Cable TV
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 3
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 2101016393
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Allison M Conick • SVN |Miller Commercial Real Estate