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Located in the heart of St. Michaels and completely rebuilt in 2023, this striking commercial space has great income potential. This waterfront town has been a popular tourist destination for decades, with charming shops and restaurants, the Chesapeake Bay Maritime Museum and Classic Motor Museum. Upstairs the stylish three-bedroom, two-bath furnished apartment with 350 sf deck is approved for short term vacation rental and generated over $60,000 of revenue in its first partial year (April - December). Downstairs the vacant 1500 sf space with tree-canopied courtyard has an approved handicap lift and a usage and occupancy permit . The building is fully sprinklered and has a propane tankless hot water system. Use your imagination - restaurant, retail, office, garden center, salon/spa.
| DAYS ON MARKET | 117 | LAST UPDATED | 8/19/2025 |
|---|---|---|---|
| TRACT | HISTORIC ST. MICHAELS | YEAR BUILT | 1940 |
| COUNTY | TALBOT | STATUS | Sold |
| PROPERTY TYPE(S) | Commercial |
| School District | TALBOT COUNTY PUBLIC SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Jun 5, '25 | $995,000 |
|---|---|
| Jun 5, '25 - Today | $895,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater, Tankless Water Heater |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| HEAT | Electric, Heat Pump |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Back Yard |
| PARKING | None |
| SEWER | Public Sewer |
| SUBDIVISION | HISTORIC ST. MICHAELS |
| TAXES | 8291 |
| UTILITIES | Underground Utilities, Electricity Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Benson & Mangold, LLC, sold by Benson & Mangold, LLC
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