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.
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Listing Snapshot
Price
$995,000
Days On Site
14 Days
Bedrooms
N/A
Inside Area (SqFt)
2,912 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1940
MLS® Number
MDTA2010578
Status
Active
Property Tax
$8,291
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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