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$399,000

  • For Sale
  • Active
  • Retail
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Exceptional income-producing and value-add retail/office opportunity located directly adjacent to the heavily trafficked Royal Farms on Somerset Avenue in Princess Anne, MD. This property includes a mix of retail bays suitable for a wide range of neighborhood and service-oriented uses. With strong visibility, consistent traffic, and a prominent location near a major convenience anchor, the site offers solid positioning for future leasing and redevelopment strategies. Beyond the existing income, the property offers a meaningful value-add component with the ability to develop storage units on-site. This additional development option provides a path to increase NOI and enhance long-term asset value through diversified revenue streams. An ideal opportunity for investors, operators, or developers seeking a well-located asset with clear upside potential in the heart of Princess Anne.

Full Property Details for 12146 Somerset Ave

General

  • Price: $399,000
  • Taxes: (2025)
  • Status: Active
  • Type: Retail
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDSO2006618
  • Updated: 12/17/2025
  • Added to Site: 63 day(s) ago

Business

  • Business Type: Other/General Retail

Interior

  • Flooring: Concrete

Parking

  • Total Spaces: 21
  • Parking Type: Parking Lot

Location

  • Area: Somerset East of Rt-13 (20-02)
  • Municipality: Princess Anne
  • County: SOMERSET
  • Driving Directions: Located next to Royal Farms in Princess Anne, MD
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: Other, Heat Pump(s)
  • Cooling Fuel: Other
  • Heating Type: Other
  • Heating Fuel: Other
  • Water Heater: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Foundation: Slab
  • Roof: Metal
  • Stories/Levels: 1
  • Building Size: 2486
  • Year Built: 1959
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4

Lot Features

  • Lot Size (Acres): 0.7
  • Lot Size (Sq. Ft.): 30,492
  • Lot Size Source: Estimated
  • Zoning: C-2
  • Lot Description: Cleared

Financial Considerations

  • Price Per Sq. Ft.: $160.5
  • For Lease: Yes
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Rinnier Development Co, Matthew Trader

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Listing agent

— 12146 Somerset Ave —

  • Matthew Trader

    Rinnier Development Co

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 12146 Somerset Ave

School District:Somerset County Public Schools
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12146 Somerset Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/17/2025
Listed
$399,000
30.39%
MLS
12/14/2023
Sold
$306,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12146 Somerset Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,506
—
$135,400
—
2023
$1,512
—
$135,400
—
2023
$1,512
-48%
$136,000
—
2022
$2,911
84%
$136,000
—
2020
$1,578
—
$136,000
-4%
2021
$1,572
—
$141,400
—
2020
$1,572
—
$141,400
—
2019
$1,572
-3%
$141,400
-3%
2018
$1,621
—
$145,800
—
2017
$1,619
100%
$145,600
—
2016
$808
-46%
$145,400
—
2015
$1,491
—
$145,200
—
2014
$1,491
—
$145,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 12146 Somerset Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Rinnier Development Co, Matthew Trader

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12146 Somerset Avenue, Princess Anne, MD 21853 (MLS# MDSO2006618) is a Retail property. 12146 Somerset Avenue is currently listed for $399,000 and was received on November 17, 2025. Want to learn more about 12146 Somerset Avenue? Do you have questions about finding other Retail real estate for sale in Princess Anne? You can browse all Princess Anne real estate or contact a Coldwell Banker agent to request more information.

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