Retail/Office Opportunity in Princess
For Sale
$399,000
12146 SOMERSET Ave, Princess Anne, MD 21853
Income-producing retail/office property with value-add potential in Princess Anne, MD.
Property SizeContact for details
Lot Size0.70 Acres
Days on Market266
Property Features for 12146 SOMERSET Ave
General Information
Standard status
Active
Lot size
0.70 Acres
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
Rinnier Development Company
(410) 742-8151
Listed By:
Matthew Trader · License #631428
(410) 742-8151
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 20 at 10:30AM
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 Rinnier Development Company
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 21853, MD
10,179
Population
4,962
Households
2.1
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
114.8 sq mi
ZIP Area
89
Density / Sq Mi
$51,710
Median Household Income
$24,603
Median Earnings
$973
Median Rent
$167,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
