$250,000

5122 MAIN ST, Grasonville, MD 21638

  • 2,655 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon0.64acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $94/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Data Last Updated:
May 21, 2026 at 7:17AM
Listing Office:
A.J. Billig & Company : 4102968440
Listing Agent:
Charles N Billig : 4102968440
MLS ID:
MDQA2016988
  • Flooring: CarpetLuxury vinyl plankHardwoodVinyl
  • A/C: OtherWall Unit
  • Heating: Heat Pump(s)OtherPropane - Owned
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Other
  • Roofing: AsphaltShingleMetal
  • General: FrameOther
  • Originating MLS: BRIGHT_MAIN
  • School District: QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
  • County: QUEEN ANNES-MD
  • Zoning: GNC1805039673
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Charles N Billig , A.J. Billig & Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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