Address
16591 Three Notch Road Ridge, MD
Price
$ 749,000
Property Attributes
  • MLS#1000484258
  • TypeCommercial
  • CountySAINT MARYS
  • CityRidge
  • NeighborhoodRIDGE
  • Zip20680
  • StyleApartment Building
  • Year Built1956
  • Taxes5701
  • Price$ 749,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8483
  • Lot Size1 Acres
Listing Provided Courtesy Of:
O Brien Realty
Property Description

Incredible opportunity to own a multi-family / retail property with steady rental income. Downstairs there's a convenience store with liquor license and fast food, upstairs there are 6 one bedroom apts and a two bedroom apt. The building has been renovated and all units upgraded. Steady rental income, attractive corner location, plenty of parking. CAP RATE: 9.02% Shown to pre-qualified Buyers only.

Price History
5/4/2018 Listed $795,000
11/19/2018 6% - $749,000
12/14/2018 7% - $697,500

General Features

Acceptable Financing Cash, Conventional, Exchange
Accessibility Other, 32 + wide Doors
Building Features Display Window, Kitchen, Office, Signage Allowed
Business Type Apartment Building
Construction Materials Vinyl Siding, Wood Siding
Cool Fuel Electric
Cooling Programmable Thermostat, Heat Pump(s), Wall Unit
County SAINT MARYS
Current Use Commercial, Convenience Store, Multi Residential
Electric 120/240V
Flooring Concrete, Vinyl, Fully Carpeted
Heating Heat Pump(s)
Historic Y/N No
Leasable Area 8483
Location Type Corner Lot/Unit
New Construction No
Ownership Fee Simple
Parking Features Surface, Unassigned
Possession Settlement
Price Per Sq Ft 88.29
Property SubType Retail
Property Type Commercial Sale
PropertyCondition Very Good
Real Estate Owned Y/N No
Roof Composite
Security Features Main Entrance Lock
Sewer Septic Exists
Tax Year 2019
Topography Level corner lot with great visibility!
Total Units 9
Vacation Rental Y/N No
Water Access Y/N No
Zoning VMX
Zoning Description VMX

Interior Features

Central Air Y/N No
Clear Span Ceiling Height 8' to 10'
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Utilities Cable TV Available, Electric Available, Multiple Phone Lines, Propane

Exterior Features

Building Area Total 8483.00
Fencing Y/n Yes
Inclusions Parking Included In ListPrice
Lot Features Backs - Open Common Area, Cleared, Corner, Landscaping, Level, Rear Yard, Road Frontage
Lot Size Acres 1.00
Lot Size Area 43560
Lot Size Source Assessor
Lot Size Square Feet 43560.00
Navigable Water Y/N No
Road Surface Type Access - On Grade, Approved, Paved
Roadresponsibility State
Topography Description Level corner lot with great visibility!
Type of Parking Driveway, On Street
Water Oriented Y/N No
Water Source Well
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20680

Price
AVG $1.22M
$750K
Visits
AVG 35
40
Year Built
AVG 1963
1956

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