510 W Main Street

Description

AIRBNB units, long term rentals and commercial - all in one! You choose! Looking for a solid income producing property within walking distance to the water and all the shops & restaurants Downtown Crisfield has to offer? This building consists of 5 units totaling over 5,900 sq feet and is for sale for under $72/sq ft!!! Incredible value! 3 Apartments on the 2nd level with a private entrance and 2 commercial spaces below in the heart of Downtown Crisfield MD. All 3 residential units have lead free certificates! Option to rent out to long term tenants or have the opportunity to make even more rental income by turning the 3 apartments into short term/AIRBNB units!! The possibilities for increasing your profit is endless! All 3 residential units have LEAD FREE certificates!! This property has been renovated over the years with central HVAC units, updated plumbing and electric, replacement windows, roof, etc, etc, etc... The Subway unit is no longer occupied by Subway, the unit is currently vacant and ready for you to bring your business to this location or find a new tenant! The 2nd commercial unit is actually 2 units combined into one and is on a month to month lease so if you need more space or want to make it one large unit the possibilities are endless. The 2 commercial units are metered separately for electric and water & sewer, tenants pay all utilities. The 3 apartments are as follows UNIT1) 1 bedroom, 1 bath currently rented for $800. UNIT 2) 2 bedroom, 1 bath currently rented for $850/mo: UNIT 3) 2 bedroom, 1 bath remodeled with new paint, flooring and new appliances rented for $900/mo. Tenants rent does include water, sewer and trash fees. All 3 apartments are metered separately for electric. Old Subway unit is Vacant (anticipated rent of $1,500-$2,000/mo) and 2nd commercial unit is being rented for $800/mo. When fully occupied total anticipated rent projected to be approximately $4,650-$5,175 for long term leases and could be even more if the 3 residential units are turned into short term/AIRBNB rentals! Great investment opportunity in a market that has a lot of upside potential to grow. Crisfield is a growing town with many initiatives and changes on the horizon...see article dated 1/23/2023 for information of all the projects in the works: https://www.wboc.com/news/projects-in-progress-to-help-crisfield-development/article_0bce433a-9b37-11ed-9a3c-d31515ec21a5.html ....get in early before prices increase as they have in other towns and cities on the Eastern Shore of Maryland.