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701 W Main Street Crisfield, MD $ 520,000
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$ 520,000 Get more info
701 W Main Street
$ 520,000
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701 W Main Street

Crisfield, MD, 21817
$ 520,000
Baths0.0 Sq 7,500

Monthly Estimate*

$ 3,632

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Studio

Commercial Property for sale in Crisfield, MD

for $520,000. This 7,500 square foot building was built in 1987 on a lot size of 0.17.

Back on the market, no fault of the seller! Commercial Listing: Crisfields iconic Captain Tyler Motel, a fully operational investment opportunity located right next to the Somers Cove Marina. The property sits just off West Main Street, the primary thoroughfare in the city of Crisfield, Maryland. Within close proximity to the marina and cruise boats to both Smith and Tangier Islands. Recently renovated, the two story exterior corridor motel has 19 total guest rooms; 3 king, 15 double, and 1 single with 2 of the rooms having handicap accessible features. Each comfortable guest room has been updated with new hardwood and luxury vinyl flooring including the convenience of both a microwave and mini fridge. The main office is spacious and inviting, boasting lovely tongue and groove wood vaulted ceilings. Do not miss out on this chance to own an iconic motel in a prime location, requiring minimal maintenance and upkeep allowing for ease of operation. Embrace the potential of this property and leverage its advantages to create a successful and rewarding business venture. Property tours are available by appointment only. Please contact the listing agent to schedule. Financial information available upon request.

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Commercial Contingent

Price

$ 520,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,682

Style

Hotel/Motel

Lot Size

0.17

Year Built

1987

Town/City

Crisfield

County/Region

Somerset

MLS | Web ID

MDSO2003930
Features
Interior
Heating Fuel Electric
Flooring Ceramic Tile Luxury Vinyl Plank
Hot Water Electric
Total Stories 2
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
Total Restrooms 20
Number of Elevators 0
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General
Sewer Public Sewer
Heating Wall Unit
Cooling Wall Unit
Possession 0-30 Days CD 31-60 Days CD
Roof Architectural Shingle Metal
Zoning C-2
Security Features Carbon Monoxide Detector(s) Desk in Lobby Main Entrance Lock Resident Manager Smoke Detector
Construction Materials Brick Vinyl Siding
Year Built 1987
Electric 110 Volts 220 Volts
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Crisfield
Business Type Hotel/Motel
Accessibility 32 + wide Doors Entry Slope <1' Level Entry - Main Ramp - Main Level Roll-in Shower
County SOMERSET
New Construction N
Property Type Commercial Sale
Possible Use Hotel/Motel
Water Access Y/N N
Status ACTIVE UNDER CONTRACT
Directions Take route 413 south to Crisfield Maryland. Property is located just after the Crisfield Fire Department on the left.
City CRISFIELD
Buyer Agent Compensation 3
Total Units 19
MLS Area Somerset West of Rt-13 (20-01)
Lot Size Square Feet 7500.00
Waterfront Y/N N
Street Name MAIN
Tax Annual Amount 4682.0
Property Condition Very Good
Price Per Sq Ft 73.86
Acceptable Financing Cash Conventional Seller Financing
Vacation Rental Y/N N
Days on Market 148
Location Type Corner Lot/Unit
Standard Status Active Under Contract
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Handicap Parking Paved Parking
Lot Features Corner
Water Source Public
Type of Parking On Street Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
Building Area Total 7040.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.17
Road Surface Type Black Top
Lot Size Units Square Feet
Lot Size Source Assessor
Door Features Insulated
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 701
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* Excluded Features
List By
Wilson Realty

Broker

ladylauraevans@gmail.com

Email

Affordability Calculator

$4,023
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,632
Monthly Property Taxes
$390
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
11/30/2023 $520,000 Listed Price

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701 W Main Street, Crisfield, MD, 21817 is a Commercial Property for sale at $520,000 with 7,500 sqft and a lot size of 0.17. 701 W Main Street is a studio with 0.0 baths and was built in 1987. The property's zip code is 21817 which is in Crisfield, MD

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