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Property Description

Located in the heart of St. Michaels and completely rebuilt in 2023, this striking commercial space has great income potential. This waterfront town has been a popular tourist destination for decades, with charming shops and restaurants, the Chesapeake Bay Maritime Museum and Classic Motor Museum.
Upstairs the stylish three-bedroom, two-bath furnished apartment with 350 sf deck is approved for short term vacation rental and generated over $60,000 of revenue in its first partial year (April - December).
Downstairs the vacant 1500 sf space with tree-canopied courtyard has an approved handicap lift and a usage and occupancy permit . The building is fully sprinklered and has a propane tankless hot water system. Use your imagination - restaurant, retail, office, garden center, salon/spa.

Overview

Property Status
For Sale
Lot Size
3,000 Sq.Ft.
MLS ID
MDTA2010578
Property Type
Commercial
Year Built
1940

Features & Amenities

Water Source
Public
Utilites
Underground Utilities
Heat Type
Electric
Air Conditioning
Central Air
Sewer
Public Sewer
Security Features
Smoke Detector(s)
Sales Price
$995,000
Real Estate Tax
$8,291/yr

Downloads

103 Fremont St

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103 Fremont St

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