12146 Somerset Ave, Princess Anne, MD 21853

Property Description

List Price is Opening Bid at Online Auction. Online Auction Only! Bidding begins Wednesday, October 28, & ends Monday, November 2, 2026 @ 11:00 AM. 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: $694.97±/mo Lease Start Date: July 1, 2022 Lease Term: Month-to-Month Landlord pays Electric, Water, & HVAC. (per lease) Master Meter 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.