12146 SOMERSET AVENUE, PRINCESS ANNE, MD 21853
SOMERSET County
Key Facts
Description
Exceptional income-producing and value-add retail/office 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1959
Stories
1
Living Area
2,486 sq ft
Lot Size
0.70 acres
Lot Dimensions
0.00 x 0.00
Parking Spaces
20
Zoning
C-2
Days on Market
1
MLS® Listing#
MDSO2006618
Property Features
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- District:
- SOMERSET COUNTY PUBLIC SCHOOLS
Financial Details
Parcel Number
2001012452
Directions
Located next to Royal Farms in Princess Anne, MD
Affordability Calculator
$79,800
Estimated monthly payment
$2,124/mo
Principal $319,200 · Est. interest $445,312 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 23% above the area median.
- Its price per sq ft is 16% 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 · 1.1 mi away
Greenwood Elementary School
Elementary · 1.4 mi away
Washington High School
Secondary · 2.4 mi away
Bennett Middle School
Secondary · 7.9 mi away
Somerset Intermediate School
Secondary · 8.0 mi away
Somerset County Technical High School
Secondary · 8.0 mi away
Fruitland Intermediate
Elementary · 8.6 mi away
Fruitland Primary
Elementary · 8.6 mi away
Stepping Stones Learning Academy
School · 8.8 mi away
Holly Grove Christian School
School · 9.2 mi away
Westside Primary School
Elementary · 10.3 mi away
Pinehurst Elementary School
Elementary · 10.4 mi away
James M. Bennett High School
Secondary · 10.7 mi away
Pemberton Elementary School
Elementary · 11.2 mi away
Wicomico County Public School
School · 11.4 mi away
Prince Street Elementary
Elementary · 11.4 mi away
Parkside High School
Secondary · 11.4 mi away
Jenny's Sewing Studio
School · 11.5 mi away
Wicomico High School
Secondary · 12.1 mi away
Wicomico County Board of Education
Secondary · 12.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11726 ST STEPHENS WAY, PRINCESS ANNE, MD | $289,990 | 3 | 2 | 1,300 |
| 30555 SKIPJACK CIRCLE 83, PRINCESS ANNE, MD | $297,500 | 3 | 2 | — |
| 27174 Champ Wharf Rd CHAMP WHARF 27174, PRINCESS ANNE, MD | $299,500 | 2 | 2 | 1,232 |
| 12256 SOMERSET AVENUE, PRINCESS ANNE, MD | $300,000 | — | 1 | 2,820 |
| DAMSONTOWN ROAD, QUEEN ANNE, MD | $300,000 | — | — | — |
| 10407 WILLIAM SHARPLESS ROAD, PRINCESS ANNE, MD | $309,000 | 4 | 2 | 1,232 |
Moving Cost Estimate
EXIT Agents in PRINCESS ANNE
Listing Courtesy: Rinnier Development Co - 4107428151