105 Central AveFederalsburg, MD 21632

Property Details for 105 Central Ave

Year built

1930

Construction

BRICK

Lot size

0.43 AC

Property size (Sq ft)

3,024 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

05-000734

APU

5000734

Description

This exceptional mixed-use property, located at 105 and 107 W Central Avenue in Federalsburg, Maryland, presents a unique investment opportunity. The building encompasses a total of 1,950 square feet and sits on a 0.02-acre lot. Its C-1 zoning allows for versatile commercial and residential applications. The property features two distinct units with separate accesses and addresses, maximizing rental income potential. The ground floor comprises office space, ideal for a variety of businesses. Above, a spacious two-bedroom, two-bathroom apartment occupies the second and third floors, providing comfortable residential living. Significant recent improvements enhance the property's value and reduce maintenance concerns. Specifically, both the roof and the heating and air conditioning system have undergone complete updates within the past four years. This turnkey investment is situated in the heart of Federalsburg, offering convenient access to local amenities and a strong potential for future appreciation. The asking price is $189,999. Don't miss this chance to acquire a rare, in-town gem with substantial upside.

• CAP approach

  CAP return

  Valuation

  6%

  $652,044

  6.5%

  $601,887

  7%

  $558,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $190,240

  Geo Method

  $190,240

• Alternative Use

  Use

  Valuation

  Residential

  $746,340

  Hospitality

  $683,643

  Educational

  $568,783

  Medical

  $588,345

  Retail

  $884,774

Location Insight

City

Federalsburg

County

Caroline

State

Maryland

Latitude

38.6941

Longitude

-75.7728

Property Tax & Assessments

FAQs

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