12146 Somerset Avenue
Princess Anne, MD, 21853 $ 150,000
Bedrooms-- Baths-- Sq 2,486 Monthly Estimate*
$ 1,036
for $150,000. This 2,486 square foot building was built in 1959 on a lot size of 0.7.
List Price is Opening Bid at Online Auction. Online Auction Only! Bidding begins Wednesday, October 28, & ends Monday, November 2, 2026 @ 11:00 AM. INVESTMENT OPPORTUNITY | RED ROOF PLAZA PRINCESS ANNE, MD Presenting 12146 Somerset Avenue, known as Red Roof Plaza, a commercial strip center offering an excellent investment opportunity in Princess Anne, Maryland. Positioned along heavily traveled Somerset Avenue, this property benefits from premier road frontage and valuable exposure to passing traffic. The plaza is situated adjacent to established commercial destinations, including Royal Farms, providing a strategic location within an active commercial corridor. The property features five commercial units, with three currently leased, offering an established income stream and the opportunity to further enhance rental revenue through the lease-up of the remaining two units. Whether you are an investor seeking an income-producing commercial asset or looking to capitalize on the potential for increased occupancy, Red Roof Plaza presents an opportunity to acquire a commercial property with visibility, location, and additional upside. Explore the possibilities at Red Roof Plaza and capitalize on its prominent Somerset Avenue location and future income potential. Property is Configured as: Unit A -Rented -Flex Space (Live/Work) Rental Information: Scheduled Monthly Rent: $300/mo Scheduled Annual Rent: $3,600/yr Lease Start Date: April 15, 2026 Lease Term: Ends April 30, 2027 Tenant pays all utilities. (individual meter) Unit B Vacant Commercial Space Master Meter Unit C Rental Information: Scheduled Monthly Rent: $950/mo Scheduled Annual Rent: $11,400/yr Lease Start Date: January 1, 2026 Lease Term: Ends December 31, 2026 Tenant and Landlord Split Utilities. (per lease) Master Meter Unit D Vacant Commercial Space Master Meter Unit E Rental Information: Scheduled Monthly Rent: $694.97/mo Lease Start Date: July 1, 2022 Lease Term: Month-to-Month Landlord pays Electric, Water, & HVAC. (per lease) Master Meter Buyer to conduct all due diligence regarding zoning, permitted uses, build-ability, utilities, access, setbacks, environmental conditions, subdivision potential, and all applicable Somerset County requirements. Buyer is responsible for independently verifying all information and determining the propertys suitability for their intended use. The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, co-listing broker or the owner make any representations or warranties with respect to the accuracy of information.
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FeaturesInteriorHeating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 4
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning C-2
Construction Materials Other
Year Built 1959
Property Subtype Retail
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality Princess Anne
Business Type Shopping Center
Accessibility None
County SOMERSET
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Retail Strip on Somerset Ave.
City PRINCESS ANNE
Number Of Units Total 5
MLS Area Somerset East of Rt-13 (20-02)
Lot Size Units Square Feet
Lot Size Square Feet 30622.00
Tax Annual Amount 1506.0
Price Per Sq Ft Total AG 60.34
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision G OLIVER MORRELL
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ExteriorWater Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 2486.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.70
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByAlex Cooper Auctioneers, Inc.Broker
larry@alexcooper.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,036
- Monthly Property Taxes
- $126
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Princess Anne, MD
Average List Price $491,600
Percent of Sale Price 228%
About Princess Anne, MD 3,493 Population
45% Since 2002
$ 22,015 Median Income
28.42 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/14/2026 | $150,000 | | Listed Price |