Description
INVESTOR ALERT! This prime retail space is located in the heart of downtown St. Michaels amongst shopping and fine dining. The property is currently under a triple net lease, the annual net income is $57,402 with the annual gross revenue being $71,892! The building was built in 1987 consisting of 3,979+/- sqft of commercial space. The first floor has been modernized and opened up making it a perfect retail space. The second floor consists of 3-offices and an open area. There is the potential to create a short-term rental on the 2nd floor once the tenants lease has expired/terminated. The building backs to a large public parking lot, perfect for customer parking and use for delivery trucks.
Description
INVESTOR ALERT! This prime retail space is located in the heart of downtown St. Michaels amongst shopping and fine dining. The property is currently under a triple net lease, the annual net income is $57,402 with the annual gross revenue being $71,892! The building was built in 1987 consisting of 3,979+/- sqft of commercial space. The first floor has been modernized and opened up making it a perfect retail space. The second floor consists of 3-offices and an open area. There is the potential to create a short-term rental on the 2nd floor once the tenants lease has expired/terminated. The building backs to a large public parking lot, perfect for customer parking and use for delivery trucks.
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