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12146 Somerset Ave 2,900 SF 100% Leased Retail Building Princess Anne, MD 21853 $546,147 CAD ($188.33 CAD/SF)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,900 SF
Building Class
B
Year Built
1959
Price
$546,147 CAD
Price Per SF
$188.33 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Frontage
122’ on Somerset Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-012452 | Improvements Assessment | $131,084 CAD |
| Land Assessment | $53,992 CAD | Total Assessment | $185,076 CAD |
PROPERTY TAXES
Parcel Number
01-012452
Land Assessment
$53,992 CAD
Improvements Assessment
$131,084 CAD
Total Assessment
$185,076 CAD
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12146 Somerset Ave
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