$749,000
110 CHANNEL MARKER WAY Grasonville, MD 21638
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$749,000
Est. payment /mo
2,400 SqFt
UPDATED:
09/05/2024 04:40 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $312
MLS Listing ID MDQA2001414
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $4,891
Tax Year 2019
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.
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.
Location
State MD
County Queen Annes
Zoning WVC
Interior
Hot Water Propane
Heating Central
Cooling Central A/C
Heat Source None
Exterior
Garage Spaces 48.0
Utilities Available Propane, Electric Available
Waterfront Y
Water Access Y
Roof Type Other,Metal
Accessibility Elevator
Total Parking Spaces 48
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Queen Anne'S County Public Schools
Others
Tax ID 1805051932
Ownership Condominium
Special Listing Condition Standard
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Listed by Robert H Greenlee • SVN |Miller Commercial Real Estate