Princess Anne, MD 21853,10800 CLIPPER CIR
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Princess Anne, MD 21853,10800 CLIPPER CIR
Princess Anne, MD 21853,10800 CLIPPER CIR
Princess Anne, MD 21853,10800 CLIPPER CIR
Princess Anne, MD 21853,10800 CLIPPER CIR

$6,900,000

Est. payment /mo

$6,900,000

Est.Price: ?

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10800 CLIPPER CIR Princess Anne, MD 21853

91,404 SqFt

SOLD DATE : 12/09/2022

Key Details

Sold Price $6,900,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 91,404 sqft

Price per Sqft $75

MLS Listing ID MDSO2002288

Year Built 2015

Annual Tax Amount $122,263

Tax Year 2021

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.

Location

State MD

County Somerset

Area Somerset West Of Rt-13 (20-01)

Zoning EC

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C, Heat Pump(s)

Flooring Vinyl

Exterior

Garage Spaces 300.0

Utilities Available Cable TV

Water Access N

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer

Water Community

New Construction N

Schools

School District Somerset County Public Schools

Others

Special Listing Condition REO (Real Estate Owned)

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Bright MLS (BMLS)
Listed by Henry Hanna • SVN |Miller Commercial Real Estate
Bought with Bret Davis • Keller Williams Realty Delmarva

Jason Gareau

Broker

+1(609) 929-4486

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