106 Charles StSudlersville, MD 21668

Property Details for 106 Charles St

Year built

1961

Lot size

0.69 AC

Property size (Sq ft)

5,239 SF

Zone code

TTA

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

01-000330

APU

1000330

Description

This exceptional 6,279 square foot property at 106 Charles Street, Sudlersville, MD, presents a unique investment opportunity. Recently approved for use as an 8-bed treatment center, the building previously operated as a 16-bed assisted living facility (ALF). The property boasts 12 bedrooms, three full bathrooms, and two half bathrooms, ensuring ample space and comfort for residents. A spacious commercial kitchen and a dedicated recreation room provide ideal areas for communal activities and gatherings. A significant advantage is the inclusion of a separate two-bedroom apartment complete with a full kitchen and bathroom, perfect for on-site staff, a caregiver's residence, or additional private suites. Outdoor space is provided by a large deck, while the basement offers substantial storage capacity. Safety is prioritized with a built-in indoor fire suppression system (sprinklers). The property also includes a spacious parking lot with capacity for numerous vehicles. Situated on a 0.69-acre lot, this property is offered at $550,000. Prospective buyers are responsible for conducting their own feasibility study to determine suitability for their intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,104,232

  6.5%

  $1,019,291

  7%

  $946,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,023

  Geo Method

  $379,023

• Alternative Use

  Use

  Valuation

  Residential

  $1,293,014

  Hospitality

  $1,184,394

  Educational

  $985,402

  Medical

  $1,019,291

  Retail

  $1,532,847

Location Insight

City

Sudlersville

County

Queen Anne's

State

Maryland

Latitude

39.1838

Longitude

-75.857

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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