11779 Somerset Ave
PRINCESS ANNE, MD 21853

Description

The Residences and Shops of Independence Hall in historic Princess Anne, 100 % occupied. Currently marketed as eight exceptional residential apartments plus six commercial/retail units three of which are store fronts one with kitchen suitable for sandwich or ice cream shop. Many changes have taken place since construction in the mid 1800s. It has been a hotel, a dry goods store, a performing arts and movie theater a dance hall and a night club. The Hall was totally renovated in 2007, salvaging much of the original brick window arches, wainscoting and decorative trims. Renovations includemetal roof, all new gutters, windows and insulation, all new plumbing, electrical and state of the art fire suppression systems and generator, structural engineering (steel beams), foundation and wall pointing, Each unit has hardwood floors, kitchen appliances, ceramic tile baths plus central air and heat with separate metered controls. Comcast cable wired to each unit This exceptional restoration has received many awards for the historic preservation from the State of Maryland and the town of Princess Anne. Independence Hall is across the street from the Historic Washington Hotel. Rent rolls and expenses will be provided for interested buyer. Property is Maryland State lead compliant.

Details

MLS#MDSO100014
StyleIndustrial
Sub-TypeResale
StatusActive
Year1840
Days On Site150

Features

SQ Feet9,197
Story(s)0
Units14
ZoningC-1

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Area Information

StateMD
CityPRINCESS ANNE
Zip Code21853
AreaSomerset East of Rt-13 (20-02)
Listing VS Median (in 21853)
Price:
$475,000
low | high
Med:
$118,900
100% of Average
SqFt:
9,197
low | high
Med:
716
100% of Average
$ / SqFt:
$52
low | high
Med:
$42
68.941465745369% of Average
On Site:
150
low | high
Med:
23.500000
100% of Average
Listing Updated: 04/20/2019
MLS Number: MDSO100014
Listing Provided By:
Alice Fisher  of  Long Foster Real Estate - Salisbury