Waterfront
Address
110 Channel Marker Way, Grasonville, MD
Price
$ 749,000
Property Attributes
- MLS#MDQA2001414
- TypeCommercial
- CountyQUEEN ANNES
- CityGrasonville
- Zip21638
- StyleProfessional
- Year Built2008
- Taxes$ 4891
- Price$ 749,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2400
Data Source:
Bright MLS
Property Description
Offered for sale is this 100% leased water view office condominium (18% of the total building) located in the heart of the Kent Narrows. The lease is for five years and started on November 1st. Tenant quality is very good-excellent. Rental increase over the five year term is 27.6%! Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8th mile of the property, with average daily traffic counts of 73,642, provides direct east and westbound access.
| Price History | |
|---|---|
| 11/4/2021 | Listed $749,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Utilities | Propane,Electric Available |
| Possession | Settlement |
| Roof | Other,Metal |
| Zoning | WVC |
| Construction Materials | Concrete,Frame,Steel Siding,Stone,Composition |
| Year Built | 2008 |
| Property SubType | Office |
| Tax Year | 2019 |
| Percent Ownership | Condominium |
| Cool Fuel | Electric |
| Business Type | Professional |
| Accessibility | Elevator |
| County | QUEEN ANNES |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | Yes |
| Status | ACTIVE |
| Directions | This office condominium is part of the Wells Cove marina and hotel complex located in the southeast quadrant of the Kent Narrows |
| ModificationTimestamp | 2024-03-03T15:05:44 |
| City | GRASONVILLE |
| Buyer Agent Compensation | 3 |
| Tax Assessed Value | 480000.0 |
| Waterfront Y/N | Yes |
| Street Name | CHANNEL MARKER |
| Tax Annual Amount | 4891.68 |
| Property Condition | Excellent |
| Price Per Sq Ft | 312.08 |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 893 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | None |
|---|---|
| Hot Water | Propane |
| Heating Y/N | Yes |
| Street Suffix | WAY |
| Central Air Y/N | Yes |
| Number of Elevators | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 48 |
| Type of Parking | Parking Lot |
| Land Use Code | WVC (Waterfront Village Community) |
| Water View Y/N | No |
| Building Area Total | 2400.00 |
| Water Body Type | Bay |
| Navigable Water Y/N | Yes |
| Water Oriented Y/N | Yes |
| Car Parking Spaces | 48 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21638
Price
Taxes
Visits
Year Built
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