Seller Financing
Address
701 W Main Street, Crisfield, MD
Price
$ 520,000
Property Attributes
- MLS#MDSO2003930
- TypeCommercial
- CountySOMERSET
- CityCrisfield
- AreaSomerset West of Rt-13
- Zip21817
- StyleHotel/Motel
- Year Built1987
- Taxes$ 4682
- Price$ 520,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7500
- Lot Size7,405 SqFt
Data Source:
Bright MLS
Property Description
Back on the market, no fault of the seller! Commercial Listing: Crisfields iconic Captain Tyler Motel, a fully operational investment opportunity located right next to the Somers Cove Marina. The property sits just off West Main Street, the primary thoroughfare in the city of Crisfield, Maryland. Within close proximity to the marina and cruise boats to both Smith and Tangier Islands. Recently renovated, the two story exterior corridor motel has 19 total guest rooms; 3 king, 15 double, and 1 single with 2 of the rooms having handicap accessible features. Each comfortable guest room has been updated with new hardwood and luxury vinyl flooring including the convenience of both a microwave and mini fridge. The main office is spacious and inviting, boasting lovely tongue and groove wood vaulted ceilings. Do not miss out on this chance to own an iconic motel in a prime location, requiring minimal maintenance and upkeep allowing for ease of operation. Embrace the potential of this property and leverage its advantages to create a successful and rewarding business venture. Property tours are available by appointment only. Please contact the listing agent to schedule. Financial information available upon request.
| Price History | |
|---|---|
| 11/30/2023 | Listed $520,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Unit |
| Cooling | Wall Unit |
| Possession | 0-30 Days CD,31-60 Days CD |
| Roof | Architectural Shingle,Metal |
| Zoning | C-2 |
| Security Features | Carbon Monoxide Detector(s),Desk in Lobby,Main Entrance Lock,Resident Manager,Smoke Detector |
| Construction Materials | Brick,Vinyl Siding |
| Year Built | 1987 |
| Electric | 110 Volts,220 Volts |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Hotel/Motel |
| Accessibility | 32 + wide Doors,Entry Slope |
| County | SOMERSET |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Hotel/Motel |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | Take route 413 south to Crisfield,Maryland. Property is located just after the Crisfield Fire Department on the left. |
| ModificationTimestamp | 2024-03-27T09:33:18 |
| City | CRISFIELD |
| Buyer Agent Compensation | 3 |
| Total Units | 19 |
| MLS Area | Somerset West of Rt-13 (20-01) |
| Lot Size Square Feet | 7500.00 |
| Tax Assessed Value | 421000.0 |
| Waterfront Y/N | No |
| Street Name | MAIN |
| Tax Annual Amount | 4682.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 73.86 |
| Acceptable Financing | Cash,Conventional,Seller Financing |
| Vacation Rental Y/N | No |
| Days on Market | 139 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Ceramic Tile,Luxury Vinyl Plank |
| Hot Water | Electric |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| Total Restrooms | 20 |
Exterior Features
| Parking Features | Handicap Parking,Paved Parking |
|---|---|
| Lot Features | Corner |
| Water Source | Public |
| Total Parking Spaces | 15 |
| Type of Parking | On Street,Parking Lot |
| Land Use Code | C |
| Foundation Details | Brick/Mortar |
| Water View Y/N | No |
| Building Area Total | 7040.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.17 |
| Road Surface Type | Black Top |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Door Features | Insulated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 13 |
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 21817
Price
Taxes
Visits
Year Built
Walkscore
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