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$425,000   Price Analysis
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510 W Main St
Crisfield, MD 21817
3 bed None bath 5,924 SqFt ($71/SqFt)
3,901SqFt lot. Built 1946
Listed 2024-04-03
USDA Eligible
near Crisfield, MD
 Restrictions may apply
due to home size

Multi Unit Commercial and 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 wth 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 unit s 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 fantastic 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 !


Presented by David Willman at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #MDSO2004364 from BrightMLS

Bedrooms: 3

Cooling Features: Central A/C
Heating Features: Heat Pump(s)
Heating: Yes

Lot Size Acres: 0.0895546
Lot Size Square Feet: 3900

Parking Features: Parking Lot

Number of Units: 2
Number of 1 Bedroom Units: 3

School District: SOMERSET COUNTY PUBLIC SCHOOLS

Crisfield Christian Academy is a private elementary, middle and high school located approximately 0.3 miles away.
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Carter G Woodson Elementary School is a public elementary school located approximately 0.6 miles away.
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Crisfield Academy And High School is a public middle and high school located approximately 0.8 miles away.
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Annual Tax Amount: 2777.0
Source Listing Status: Active
County: SOMERSET
Source Property Type: Multi-Family
Area: SOMERSET
Source Neighborhood: SOMERSET
Postal Code Plus 4: 1140
Township: Crisfield
Property Subtype: Triplex
Source System Name: C2C

Listed 2024-04-03
$425,000
BrightMLS

Total Square Feet Living: 5924
Year Built: 1946
Construction Materials: Brick
Property Age: 78
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.