$6,900,000
$6,900,000
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10800 CLIPPER CIR Princess Anne, MD 21853
91,404 SqFt
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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Bought with Bret Davis • Keller Williams Realty Delmarva