12146 SOMERSET AVENUE, Princess Anne, MD 21853

Building Details

Year Built 1959 More

Tenancy Multi More

Listing Agency: Alex Cooper Auctioneers, Inc. Show Phone

Listed By: Larry E Cooper · License #611887 Show Phone

Source: Thekincergroup

Added: Oct 14 Changed: Nov 6 Last Checked: Nov 6 at 9:43AM

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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 Alex Cooper Auctioneers, Inc.

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Investment Insights

Based on property information with market context.

This 2,486-square-foot shopping center, built in 1959, is configured as five commercial units. Three units are leased and two are vacant. The occupied spaces have differing lease arrangements, including one month-to-month tenancy; utility responsibilities also vary by unit, with some spaces on a master meter.

The property is located on Somerset Avenue in Princess Anne, Maryland, adjacent to Royal Farms. Its five-unit configuration includes flex space described as live/work, along with commercial spaces.

Key Highlights

• Five commercial units; three leased and two vacant
• 2,486 square feet
• Built in 1959

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

BELLSINC Hair Salon Lavish Glow Esthetics (Bike/Boat/Book/etc) Store HAND 2 HAND ... Discount Store JUDAH FEAST Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Real Estate Agency Auto Parts Store Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

365

Businesses Nearby

Balanced

Demand for This Use

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Three units are leased, with two vacant spaces available for occupancy.

Where is this shopping center located?

The property is located at 12146 SOMERSET AVENUE Princess Anne, MD.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Five commercial units; three leased and two vacant; 2,486 square feet; Built in 1959