16591 THREE NOTCH ROAD Ridge, MD 20680

$795,000
16591 THREE NOTCH ROAD, Ridge, MD 20680
1000484258

Commercial Property for sale in Ridge, MD

for $795,000. This 8,483 square foot building was built in 1956 on a lot size of 1.00 Acre(s).

Property Information

  • $795,000
  • Commercial
  • 8,483 Square Feet
  • Taxes are $5,701
  • Office
  • Other / Unknown
  • Active
  • Lot size of 1.00 Acre(s)
  • Built in 1956
  • Ridge, MD
  • Saint Marys County
  • MLS/Web ID is 1000484258

Description

Incredible opportunity to own a multi-family / retail property with steady rental income. Downstairs there's a convenience store with liquor license and fast food, upstairs there are 5 one bedroom apts and a two bedroom apt. The building has been renovated and all units upgraded. Steady rental income, attractive corner location, plenty of parking. CAP RATE: 8.68%

Interior 7

Cooling System

  • Electric Cooling
  • Heat Pump
  • Wall Unit(s)

Flooring

  • Carpet(s)
  • Vinyl Flooring

Heating Source

  • Electric

Heating System

  • Heat Pump
  • Hot Water Heater: Electric
  • Programable Thermostat

Interior

  • Walls: Dry Wall
  • Walls: Paneled

Sewer

  • Septic at Site

Water Source

  • Well

Exterior 9

Building Type

  • Office

Construction

  • Other

Driveway

  • Paved Driveway

Foundation

  • Concrete

Garage

  • 2 Car

Parking

  • Free Parking
  • Unassigned Parking

Road Frontage

  • Access - On Grade
  • Approved
  • Paved
  • State Road

Roof

  • Composition

Siding

  • Vinyl

Miscellaneous 3

Accessibility

  • Wide Doorways

Commercial

  • Display Window
  • Kitchen
  • Signage Allowed

Location

  • Corner Lot

Rental 1

Landlord Pays

  • Insurance
  • Management
  • Repairs
  • Taxes

† Excluded Feature

Neighborhood & Schools

School District: ST. MARY'S COUNTY PUBLIC SCHOOLS
Elementary School: RIDGE
Middle School: SPRING RIDGE
High School: GREAT MILLS

 See complete school information

Listed By

Broker: O BRIEN REALTY

16591 THREE NOTCH ROAD, Ridge, MD, 20680 is a Commercial Property for sale at $795,000 with 8,483 sqft and a lot size of 1.00 Acre(s). 16591 THREE NOTCH ROAD was built in 1956. The property's zip code is 20680 which is in Ridge, MD

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Market Pricing

Average % of sale price Median % of sale price
All listings in Ridge $525,240 34 % below $527,450 34 % below
Commerical listings in Ridge $795,000 0 % below $795,000 0 % below
Sold listings in Ridge $256,767 68 % below $198,000 75 % below

Get the facts about Ridge, MD!

Population 1,048
Population Growth (since 2000) 4 %
Median Income $78,102
Median Age 46.91
Households w/ Children 23 %

Residential Dwellings

  • Owned 310
  • Vacant 102
  • Rented 117

Similar Listings

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or Call us at 1-800-839-1363