Mixed Use property in Southern MD
We own a few STR properties in a remote waterfront vacation destination area and this year decided to buy a mixed use property with the plan to renovate it and open some sort of business that would compliment the portfolio nicely. It's 1.1 acres and has a house and two commercial buildings. We've since realized that we need to keep our focus on the STRs and the mixed use property will have to be the realization of someone else's dream.
It’s an ideal opportunity for someone looking to move to a beautiful area and start a family business. The commercial street front building is roughly 2,500 square feet and used to operate as a retail store that offered fishing supplies and boat engine sales and service with a ~ 2,000 square foot warehouse/shop structure in the back. The house is a three bedroom two bath but all will need major renovation to be inhabitable/serviceable.
We’re looking to sell the whole lot for basically what we’ve put into it.
$375k
Anyone interested, please send me a DM.