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$862,500
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Property Description
Located in the heart of St. Michaels and completely rebuilt in 2023, this striking commercial space has great income potential. This waterfront town has been a popular tourist destination for decades, with charming shops and restaurants, the Chesapeake Bay Maritime Museum and Classic Motor Museum. Upstairs the stylish three-bedroom, two-bath furnished apartment with 350 sf deck is approved for short term vacation rental and generated over $60,000 of revenue in its first partial year (April - December). Downstairs the vacant 1500 sf space with tree-canopied courtyard has an approved handicap lift and a usage and occupancy permit . The building is fully sprinklered and has a propane tankless hot water system. Use your imagination - restaurant, retail, office, garden center, salon/spa.
Full Property Details
Full Property Details for 103 Fremont St
General
- Sold For: $862,500
- Taxes: $8,291 (2025)
- Status: Closed
- Type: Business
- Source: BrightMLSMidAtlantic
- MLS ID: MDTA2010578
- Added to Site: 268 day(s) ago
Business
- Business Type: Restaurant/Bar, Other
Rooms
Bathrooms
- Restrooms: 3
Additional Information
- Security/Safety: Sprinkler System - Indoor, Smoke Detector
Parking
- Parking Type: None
Location
- Municipality: Saint Michaels
- County: Talbot
- Development Name: Historic St. Michaels
- Subdivision: Historic St. Michaels
- Driving Directions: Rt. 33 to Railroad Ave. Left on Fremont.
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Tankless, Propane
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Under Ground
Structural Information
- Construction: Frame
- Foundation: Crawl Space
- Stories/Levels: 0
- Year Built: 1940
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,000
- Lot Size Source: Estimated
- Fence: Yes
- Lot Features: Rear Yard
- Zoning: COMMERCIAL
- Lot Description: Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $307.35
- Assessment Year: 2024
- City/TownTax: $3,127
- City/TownTax Freq: Annually
- County Tax: $4,152
- County Tax Freq: Semi-Annually
- Tax w/Assessment: $665,400
- Tax Amount: $8,291
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by Benson & Mangold, LLC, Debra S Crouch
Sold by Benson & Mangold, LLC, Chuck V Mangold Jr.
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Schools
Schools serving 103 Fremont St
School District:Talbot County Public Schools
| Name | Grades | Distance |
|---|---|---|
St. Michaels Elementary School 100 Seymour Avenue, Saint Michaels, MD 21663 | PK-6 | 0.6 mi |
St. Michaels Middle/High School 200 Seymour Avenue, Saint Michaels, MD 21663 | 7-12 | 0.6 mi |
Easton High School 723 Mecklenburg Avenue, Easton, MD 21601 | 9-12 | 8.8 mi |
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 103 Fremont St
Date
Details
Price
Change
Source
8/19/2025
Sold
$862,500
-3.63%
MLS
6/05/2025
Price Reduced
$895,000
-10.05%
MLS
4/24/2025
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
103 Fremont Street, Saint Michaels, MD 21663 (MLS# MDTA2010578) is a Business property that was sold at $862,500 on August 19, 2025. Want to learn more about 103 Fremont Street? Do you have questions about finding other Business real estate for sale in Saint Michaels? You can browse all Saint Michaels real estate or contact a Coldwell Banker agent to request more information.

