Bought with Chuck V Mangold Jr. • Benson & Mangold, LLC
$862,500
$895,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
103 FREMONT ST Saint Michaels, MD 21663
3,000 SqFt
Key Details
Sold Price $862,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $287
Subdivision Historic St. Michaels
MLS Listing ID MDTA2010578
Sold Date 08/19/25
Year Built 1940
Annual Tax Amount $8,291
Tax Year 2025
Lot Size 3,000 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Source BRIGHT
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.
Location
State MD
County Talbot
Zoning COMMERCIAL
Interior
Hot Water Tankless, Propane
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Utilities Available Electric Available, Under Ground
Water Access N
Accessibility Chairlift
Road Frontage City/County
Garage N
Building
Lot Description Rear Yard
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Talbot County Public Schools
Others
Tax ID 02-060752
Ownership Fee Simple
SqFt Source Estimated
Security Features Sprinkler System - Indoor,Smoke Detector
Special Listing Condition Standard
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