$ 150,000
-
$150,000
Price -
2,486
SqFt -
0.7
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing ACAI1 - 135028
GUIDED TOUR MONDAY OCTOBER 26, 2026 BEGINNING PROMPTLY AT 12:00 PM List Price is Opening Bid at Online Auction. Online Auction Only! Bidding begins Friday, November 13, & ends Wednesday, November 18, 2026 @ 1:30 PM.. 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: $656±/mo Lease Start Date: July 1, 2022 Lease Term: 5 Years (Ends July 1, 2027) 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 property’s 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.
Listing Highlights for 12146 Somerset Ave
Status
Active
Days on Site
29
Property Type
Commercial Sale
MLS ®
MDSO2007952
Year Built
1959
Total Square Footage
2,486
Lot/Acreage
0.7
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 0.00 x 0.00
- Zoning: C-2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,506
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
12146 Somerset Ave Princess Anne, MD 21853
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
