10800 Clipper Circle,
Princess Anne,
Maryland MD21853-4318
Listing IDMDSO2002288
Sold For$6,900,000
Price/SqFt$75.49
StatusCLOSED
Sold Date12/09/2022
SqFt
91,404
CountySomerset
Year Built2015
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
Hawk Plaza - 90 Unit facility. Currently there are 3 buildings with each building consisting of 30, 2-bedroom units; each with 2 Master Suites with private bathrooms, private balcony, living area, full kitchen and washer/dryer. Each floor has a study room and there is a Lounge and Gym on the complex for all to use.
UPSIDE - This development is slated for 2 additional buildings which would add 120 rentable beds. All utilities are in place and no more infrastructure required.
Current occupancy is approximately 50%. Highest and best use could be including non-student rentals.
This multi-family housing facility is located on the south-end of Princess Anne across from Washington High School and just under 2 miles from UMES (University of MD Eastern Shore). Approximately 25 miles from Wallops Island/NASA Launch Facility and the new Rocket Lab Launch Facility. NASA will continue to launch resupply missions to the international space station and the NASA Center has entered into 2 contracts to launch satellites for private companies.
County
Somerset
Price/SqFt
75.49
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Year Built
2015
Zoning
EC
Building Total SqFt Source
Assessor
Central Air
yes
Cooling Type
Central A/C, Heat Pump(s)
Flooring Type
Vinyl
Heating
yes
Heating Type
Heat Pump(s)
Building Units Total
3
Car Parking Spaces
300
Construction Materials
Frame, Vinyl Siding
Cooling Fuel
Electric
Foundation Details
Slab
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Assessor
Lot Size Dimensions
0.00 x 0.00
New Construction
no
Parking Features
Paved Parking, Handicap Parking
Road Responsibility
City/County
Road Surface Type
Black Top
Roof
Asphalt
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
300
Type of Parking
Parking Lot
Utilities
Cable TV
Water Access
no
Water Oriented
no
Water Source
Community
Water View
no
Building Name
NONE AVAILABLE
Country
US
In City Limits
no
Location Type
Suburban
MLS Area
Somerset West of Rt-13 (20-01)
Waterfront
no
Zoning Description
Exempt Commercial
Accessibility Features
Accessible Switches/Outlets, 32"+ wide Doors, 36"+ wide Halls, Doors - Lever Handle(s), Grab Bars Mod, Level Entry - Main
Base Off Market Date
2022-12-12T00:00:00+00:00
Building Classification
Class B
Business Type
Apartment Building
Days on Market
26
Land Use Code
EC
Potential Tenancy
Multiple
Property Condition
Good
Year Assessed
2022
Year Built Source
Assessor
Automatically Update Tax Values
yes
Buyer Financing
Conventional
Lease Considered
no
Net SqFt
90000
Ownership Interest
Other
Possession
Settlement, Subject to Existing Lease
Riparian Rights
no
Sale Type
REO (Real Estate Owned)
Tax Annual Amount
122263
Tax Assessed Value
10996100
Tax Lot
5
Tax Year
2021
Vacation Rental
no
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Contact - Listing ID MDSO2002288
Paul Whitney
Listing courtesy of SVN |Miller Commercial Real Estate 4105432419
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