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    12146 Somerset Ave Princess Anne, MD 21853

    For Sale
    $399,000

    Income-producing retail/office property with value-add potential in Princess Anne, MD.

    Lot size:
    0.70 Acres

    Property Features for 12146 Somerset Ave

    General Information

    Lot size
    0.70 Acres

    Building Details

    Year built
    1959

    Source: Rinnier Development Co Agent Matthew Trader

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Opportunity in Princess Anne

    This income-producing retail/office property is located directly adjacent to a heavily trafficked Royal Farms on Somerset Avenue in Princess Anne, MD. The property features retail bays suitable for neighborhood and service-oriented uses. The site benefits from strong visibility, consistent traffic, and a prominent location near a major convenience anchor, which positions it well for future leasing and redevelopment. The property also offers a value-add component with the ability to develop storage units on-site, providing a path to increase net operating income and enhance long-term asset value through diversified revenue streams. This property is suitable for investors, operators, or developers seeking a well-located asset with upside potential in Princess Anne.
    Insight Report Location Intelligence

    Current Use by Public Records

    BELLSINC Beauty Salon Lavish Glow Esthetics Health And Beauty Shop HAND 2 HAND ... Thrift Store JUDAH FEAST Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Dental Office Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.6963654
    Latitude
    38.2148555

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    FAQs

    What type of property is this?
    Strip mall - Income-producing retail/office property with value-add potential in Princess Anne, MD.
    Where is this strip mall located?
    The property is located at 12146 Somerset Ave Princess Anne, MD.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Income-producing retail/office property with value-add potential.; - Located directly adjacent to a heavily trafficked Royal Farms on Somerset Avenue.; - Strong visibility and consistent traffic flow.
    (410) 742-8151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12146 Somerset Ave Princess Anne, MD 21853
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