Property
Crisfield, MD 21817 531 W Main Street
$1,000,000
4 more
Presented By: Wilson Realty
SQFT • 22,162
Home Details
Great opportunity for positive cash flow! Two apartment buildings, 531 W. Main St. has 11 units, 2 storefronts, 2 efficiencies, 4 one bedroom, 3 two bedroom apartments. 527 W. Main St. has 12 units, 3 storefronts, 3 one bedroom apartments, 2 two bedroom apartments, 2 three bedroom apartments. Market rent would indicate over $130,000 annual net income. Additional lot for parking for both buildings. This is a package deal, both buildings for $1,000,000.00. See agent for income and expense sheet. Appointment required for showings. Must have 24 hr. or more notice.
Presented By: Wilson Realty
Interior Features for 531 W Main Street
Other Interior Features
Central Air Y/NYes
FlooringCarpet, Hardwood, Vinyl
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 531 W Main Street
Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
Business TypeApartment Building
CityCRISFIELD
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C, Heat Pump(s), Window Unit(s)
CountySOMERSET
DirectionsRt. 413 to Crisfield, follow into town, turn left on 4th St., right on W. Main. Property on left.
DisclosuresFlood Zone
Electric200+ Amp Service
HeatingBaseboard - Electric, Heat Pump - Electric BackUp
Historic Y/NNo
Location TypeBusiness District
Lot Size Square Feet21780.00
Lot Size UnitsSquare Feet
MLS AreaSomerset West of Rt-13 (20-01)
ModificationTimestamp2025-06-17T17:33:55
MunicipalityCrisfield
New ConstructionNo
Number Of Units Total23
OwnerPaysCommon Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Reserves for Replacement, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG93.86
Property ConditionGood
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofBuilt-Up, Architectural Shingle, Asphalt
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount1750.0
Tax Assessed Value157400.0
Tax Year2024
UtilitiesCable TV
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningCBD
Exterior for 531 W Main Street
Building Area Total10654.00
Car Parking Spaces20
Fencing Y/NN
InclusionsEach residential rental unit has a refrigerator and electric range.
Land Assessed Value0.00
Land Use CodeC
Lot Dimensions0.00 x 0.00
Lot FeaturesAdditional Lot(s)
Lot Size Acres0.50
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate
Total Loading Docks0
Total Parking Spaces20
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate