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415 TALBOT ST
ST MICHAELS, MD 21663

$795,000
Est. Mortgage: $3,979/mo
 
Active
Commercial

Truly one of St. Michael's premier properties, this opportunity offers a variety of options in its use. Since purchasing the property in 2000, the front building has been extensively renovated and upgraded over the years. The first floor can be used for retail/shop/office or restaurant or even returned to residential use. With its original architectural details and double entrances the possibilities are many. The second floor apartment with its own private entrance is perfect for a new owner, but can be rented. (Approximate monthly rent $1,100). Rentals are always in demand in St. Michaels and nice apartments can demand a premium price. The rear building, which was constructed in 2004 currently houses a complete catering kitchen on the first floor and includes a garage door for easy access, half bath, and stackable W/D. The second floor, which is accessed by the exterior staircase features an open floor plan perfect for an office or storage. With its unique design the property can be divided and rented in a variety of ways. The front building potentially can be divided between first floor and rental apartment, or the first floor could be divided into two retail spaces each with its own front door access. The rear building can also be rented as a complete unit or separated out between first and second floor.The current owners have built a tremendously successful business at this location, first in the retail shop which expanded to their catering business. The appeal of the front porch plus parking in the rear has always been appealing to their patrons.

Property Details
  • $7,475.52
    taxes
  • 1900
    built
  • 1000048711
    MLS#
Ceiling fan(s)
Propane heat
Wood exterior
Lot acreage is: 0.17
Subdivision: ST. MICHAELS
Lot zoned: C
Public sewer
Public water
Tax year: 2012
Courtesy of:
Meredith Fine Properties

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Address Distance Sale date Sale price
19 BAY ST #101 7.85 mi. 3/24/2017 $597,250
32 WASHINGTON ST 7.93 mi. 9/26/2017 $551,000
111 WASHINGTON ST 7.95 mi. 3/29/2017 $725,000
410 WASHINGTON ST 8.18 mi. 8/30/2017 $750,000
20 AURORA ST N 8.18 mi. 1/31/2018 $725,000
805 GOLDSBOROUGH ST 8.73 mi. 10/20/2017 $800,000
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ST MICHAELS Real Estate Market in 21663
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$568,032
Average sale price

The approximate monthly principal & interest payment for this property would be $3,979.44.

This payment is based on a 30-year loan at a fixed rate of 4.750 % - APR 4.837 % with a down payment of $39,750. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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415 TALBOT ST, ST MICHAELS, MD 21663 commercial offered for sale at $795,000.
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Real estate listings held by brokerage firms other than Howard Hanna Real Estate are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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Data last updated: 11/20/2018.

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