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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 250,000

Est. payment | -/mo

0.64 Acres Lot

Save

$ 250,000

Est. payment | -/mo

Save

0.64 Acres Lot

Open House

Fri May 29, 11:00am - 12:00pm

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 0.640 Acres

MLS Listing ID MDQA2016986

Subdivision Grasonville

Total Units 5

Short Sale No

Originating MLS BRIGHT

Property Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Thursday, May 28, 2026. Live On Site Auction - Friday, May 29, 2026 at 12:00 noon. List price is opening bid only. Live Auction Bidders – A deposit of $30,000, payable by cashier's check, will be required of the purchaser at time and place of sale. Online Auction Bidders – A deposit of $30,000, payable by cashier's check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. 5122 Main Street comprises a 5 unit apartment building in the Grasonville area of Queen Anne's County. The property is located a short distance south of exit 44B from US-50, near the US-50/US-301 interchange and approximately 8 miles east of the Bay Bridge, providing a convenient location for tenants commuting throughout the Eastern Shore and Annapolis areas. The building currently has 4 of 5 units rented for a gross rent of $3,000/month ($36,000/year). The auction provides an opportunity to buy a strategically located asset with excellent upside potential.

Location

State MD

County Queen Annes

Zoning GNC

Interior

Hot Water Other

Heating Heat Pump(s)

Cooling Other

Heat Source Other

1-purchase type For Sale

Exterior

Garage Spaces 8

Waterfront N

Water Access N

Roof Type Asphalt,Shingle

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 8

Building

New Construction N

Sewer Public Sewer

Water Public

Schools

Elementary Schools Grasonville

Middle Schools Stevensville

High Schools Kent Island

School District Queen Anne'S County Public Schools

Others

Tax Amount $2,590

Tax Year 2025

Tax ID 1805039673

Ownership Fee Simple

Special Sale Auction

testyfx76

Listed by Charles Billig • A.J. Billig & Company

5122 MAIN ST Grasonville, MD 21638