For more information on this property, contact Paul Whitney at 4105485484 or info@whitney-wallace.com

10800 Clipper Circle
Princess Anne, Maryland MD 21853-4318
Sold For: $6,900,000
Listing ID MDSO2002288
Status CLOSED
Sold Date 12/09/2022
Price/SqFt $75.49
SqFt 91,404
Year Built 2015

Property Description:

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.

Primary Features

County: Somerset
Price/SqFt: 75.49
Property Sub Type: Five Or More Units
Property Type: Commercial Sale
Year Built: 2015
Zoning: EC

Interior

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)

External

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
Navigable Water: no
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

Location

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

Additional

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

Financial

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

Zoning Info


Listing courtesy of SVN |Miller Commercial Real Estate 4105432419

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of SVN |Miller Commercial Real Estate. Data last updated on Thursday, March 28th, 2024 01:06:32 PM.

Contact - Listing ID MDSO2002288

Paul Whitney

325 Snow Hill Road
Salisbury, MD 21804
Phone: 4105485484
Phone Alt: 4104307752
Fax: 4107498246

Data services provided by IDX Broker
{"page":"listing","idxID":"b004","listingID":"MDSO2002288","extra":"10800-Clipper-Circle-Princess-Anne-MD-21853","printable":"","type":"detailsContact"}
https://www.whitney-wallace.com
details.php
https://listings.whitney-wallace.com
details