Remarks

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.

Details

MLS#: MDTA2010578
Price: $995,000

Year Built: 1940

County: TALBOT
Subdivision: Historic St. Michaels
Tax Fee: 8291.0