11761 SOMERSET AVENUE, PRINCESS ANNE, MD 21853
SOMERSET County
Key Facts
Description
Introducing an exceptional investment opportunity in the heart of Princess Anne, MD. This expansive 14,182 SF building, constructed in 1950, boasts 17 units, comprising 10 residential and 7 commercial spaces, an excellent opportunity for a multifamily investor. Situated just a quarter of a mile from the University of Maryland Campus, this property offers an ideal location for potential tenants. With a layout designed to maximize rental income, this property presents an attractive prospect with great potential for yield and growth. Don't miss the chance to invest in this prime asset in a thriving area with promising returns.
Property Information
Property Type
Commercial Sale
Year Built
1950
Living Area
6,532 sq ft
Lot Size
0.09 acres
Lot Dimensions
0.00 x 0.00
Parking Spaces
5
Zoning
C-1 COMMUNITY COMMERCIAL
Days on Market
1
MLS® Listing#
MDSO2007168
Property Features
Appliances
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- District:
- SOMERSET COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$4,259
Tax year 2025
Assessed Value
$384,000
Parcel Number
2015005505
Directions
follow Rt 13 south until the second light in Princess Anne and make a left on Mt Vernon Rd, go right at the next light and follow to the towns center. Make a left at the light at Prince Williams street and park immediately on the right or behind the building
Affordability Calculator
$235,000
Estimated monthly payment
$6,254/mo
Principal $940,000 · Est. interest $1,311,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PRINCESS ANNE, MD
- $323,529
- Median Listing Price
- 85
- Median Days on Market
- 1,525
- Median Sq Ft
- $192
- Median Price / Sq Ft
- 27
- Active Listings
- This home’s price is 263% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PRINCESS ANNE, MD.
Location
Points of Interest in PRINCESS ANNE, MD
Showing the PRINCESS ANNE area map.
Nearby Schools
Princess Anne Elementary School
Elementary · 0.4 mi away
Greenwood Elementary School
Elementary · 0.7 mi away
Washington High School
Secondary · 1.6 mi away
Somerset County Technical High School
Secondary · 7.3 mi away
Somerset Intermediate School
Secondary · 7.3 mi away
Holly Grove Christian School
School · 8.5 mi away
Bennett Middle School
Secondary · 8.5 mi away
Fruitland Primary
Elementary · 9.2 mi away
Fruitland Intermediate
Elementary · 9.2 mi away
Stepping Stones Learning Academy
School · 9.4 mi away
Pinehurst Elementary School
Elementary · 11.1 mi away
Westside Primary School
Elementary · 11.1 mi away
James M. Bennett High School
Secondary · 11.3 mi away
Pocomoke Middle School
Secondary · 11.7 mi away
Pemberton Elementary School
Elementary · 11.8 mi away
Parkside High School
Secondary · 12.0 mi away
Wicomico County Public School
School · 12.0 mi away
Prince Street Elementary
Elementary · 12.0 mi away
Marion Sarah Peyton School
School · 12.0 mi away
Jenny's Sewing Studio
School · 12.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11229 STEWART NECK ROAD, PRINCESS ANNE, MD | $1,500,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in PRINCESS ANNE
Listing Courtesy: NAI Coastal - 4105435115