Historic Bed and Breakfast
112 S Commerce Street Centreville, MD 21617
112 S Commerce Street, Centreville, MD, 21617
$595,000
For Sale
$595,000
Historic 1800s inn with four bedrooms, two full baths, and a living room fireplace, sold as-is with no repairs.
Property Size6,513 SF
Price / SF$91.36
Days on Market180
Property Features for 112 S Commerce Street
General Information
- Standard status
- Active
- Size
- 6,513 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1815
Listing agency
Keller Williams Select Realtors of Easton
(443) 988-3669
Listed by
Lori Guimond
(443) 988-3669
Source
Xome
Added: Jan 22 Updated: Jul 20 at 9:09PM Checked: Jul 21 at 3:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Select Realtors of Easton
Investment Insights
Based on property information with market context.
Discover the charm of the Blue Lantern Inn, a historic bed and breakfast built in the 1800s. The property offers over 6,000 square feet of living space and includes four bedrooms, two full baths, and a living room with a fireplace. The seller is offering the property “as-is,” with no repairs to be made.
Located in Centreville on Maryland’s Eastern Shore, the inn is about a 3-minute drive to Centreville Landing for boating, fishing, and crabbing on the Corsica River. It is also within walking distance to restaurants, and provides convenient access to nearby markets including Annapolis and Easton.
The property is configured as a small hospitality lodging use based on its bed-and-breakfast design and dedicated interior living spaces.
Located in Centreville on Maryland’s Eastern Shore, the inn is about a 3-minute drive to Centreville Landing for boating, fishing, and crabbing on the Corsica River. It is also within walking distance to restaurants, and provides convenient access to nearby markets including Annapolis and Easton.
The property is configured as a small hospitality lodging use based on its bed-and-breakfast design and dedicated interior living spaces.
Key Highlights
- Historic inn built in 1815 with over 6,000 sq ft of living space
- 4 bedrooms and 2 full baths
- Living room with a fireplace
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $14.40 |
| − Vacancy | −$14.1k | −$2.16 |
| EGI | $79.7k | $12.24 |
| − OpEx | −$41.9k | −$6.43 |
| NOI | $37.9k | $5.81 |
6,513 SF · lease $14.40/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$541.0K
$473.3K – $631.1K
NOI $37,867 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,223 @ 7.0% cap · market cap 18.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Colosseum Pizza
Restaurant
Similar For Sale Nearby
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- Chuck olsen — Centreville, MD 21617
- Banjo lane apartments — 120 Banjo Ln, Centreville, MD 21617
FAQs
What type of property is this?
Bed & breakfast - Historic 1800s inn with four bedrooms, two full baths, and a living room fireplace, sold as-is with no repairs.
Where is this bed & breakfast located?
The property is located at 112 S Commerce Street Centreville, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Historic inn built in 1815 with over 6,000 sq ft of living space; 4 bedrooms and 2 full baths; Living room with a fireplace
