Bought with Chuck V Mangold Jr. • Benson & Mangold, LLC
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103 FREMONT ST Saint Michaels, MD 21663
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Key Details
Sold Price $862,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $287
Subdivision Historic St. Michaels
MLS Listing ID MDTA2010578
Year Built 1940
Annual Tax Amount $8,291
Tax Year 2025
Lot Size 3,000 Sqft
Property Sub-Type Mixed Use
Property Description
Located in the heart of St. Michaels and completely rebuilt in 2023, this striking commercial space has great income potential. This waterfront town has been a popular tourist destination for decades, with charming shops and restaurants, the Chesapeake Bay Maritime Museum and Classic Motor Museum.
Upstairs the stylish three-bedroom, two-bath furnished apartment with 350 sf deck is approved for short term vacation rental and generated over $60,000 of revenue in its first partial year (April - December).
Downstairs the vacant 1500 sf space with tree-canopied courtyard has an approved handicap lift and a usage and occupancy permit . The building is fully sprinklered and has a propane tankless hot water system. Use your imagination - restaurant, retail, office, garden center, salon/spa.
Location
State MD
County Talbot
Zoning COMMERCIAL
Interior
Hot Water Tankless, Propane
Heating Heat Pump(s)
Cooling Central A/C
Exterior
Utilities Available Electric Available, Under Ground
Water Access N
Building
Lot Description Rear Yard
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Talbot County Public Schools
Others
Special Listing Condition Standard
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