Building Details

Year Built 1950

Listing Agency: NAI Coastal

Listed By: George Timothy Merritt · License ##0681070 Show Phone

Source: Premierehomegroup

Added: Apr 4 Changed: Sep 8 Last Checked: Sep 7 at 12:22PM

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Investment Insights

Based on property information with market context.

Located in Princess Anne, MD, this 14,182 square foot building, constructed in 1950, features 17 units. The property includes 10 residential and 7 commercial spaces. Situated a quarter of a mile from the University of Maryland Campus, the location is suitable for potential tenants. The property is designed to maximize rental income and presents an opportunity for yield and growth. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 59, indicating it is somewhat walkable.

Key Highlights

• Prime location just 0.25 miles from the University of Maryland Campus
• Substantial 14,182 SF building with 17 units
• Mix of 10 residential and 7 commercial units

Property Analytics

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Current Use

CROPA STATION Restaurant

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Parking Lot & Garage Grocery & Convenience Store Storage Facility Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

269

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 Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - 17-unit property near University of Maryland campus.

Where is this apartment building located?

The property is located at 11761 Somerset Ave Princess Anne, MD.

What is the asking price?

The asking price for this property is $1,175,000.

What are key features of this property?

This property features: Prime location just 0.25 miles from the University of Maryland Campus; Substantial 14,182 SF building with 17 units; Mix of 10 residential and 7 commercial units