Unit 200, Wells Cove Office Condominium

For Sale

110 Channel Marker Way, Grasonville, MD 21638

This Grasonville property for sale is located at 110 Channel Marker Way. The general use of Unit 200, Wells Cove Office Condominium is office and it incorporates 2,400 square feet of class A office space. The current listed sale price for Unit 200, Wells Cove Office Condominium is $749,000.

Contacts

broker

Robert H. Greenlee

SVN | Miller Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 2,400 SF
  • Units 1
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2008
  • Date Updated Sep 12, 2024
This office condominium is part of the Wells Cove marina and hotel complex located in the southeast quadrant of the Kent Narrows.We are especially pleased to offer for sale this 100% leased water view office condominium (18% of the total building) located in the heart of the Kent Narrows. The lease is for five years and started on November 1, 2021. There is one tw-year option period. Tenant quality is very good-excellent. Rental increase over the five year term is 27.6%! Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8th mile of the property, with average daily traffic counts of 73,642, provides direct east and westbound access.SVN-Miller is especially pleased to offer for lease or sale this waterview office condominium located in the heart of the Kent Narrows. Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8 mile of the property, provide direct east and westbound access.

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Highlights

  • Buy at $749,000
  • Fully leased building
  • 2,400 square feet
  • 10 offices with 2 corner suites
  • 2nd floor, elevator served
  • Space is comprised of two condominium units with potential for subdivision
  • Attractive architectural finishes, 11.5' ceiling height, vaulted and dropped ceilings
  • Water views in every direction
  • Private parking lot

Attachments

Getting around

  • 31/100

    Walk Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Grasonville, MD
  • Neighborhood Kent Narrows
  • Zip Code 21638

Points of Interest

  • BP

    0.94 miles

  • Royal Farms

    1.04 miles

  • Tesla Supercharger

    1.05 miles

  • Xtra Fuels

    1.59 miles

  • Safeway Fuel Station

    2.02 miles

  • Exxon

    2.28 miles

  • Wawa

    2.50 miles

  • Exxon

    2.53 miles

  • Rick's Gas & Go

    2.74 miles

  • Shell

    2.77 miles

  • Kent Narrows Park and Ride

    0.62 miles

  • Kent Island Park & Ride

    4.43 miles

  • Matapeake Overflow Parking

    6.09 miles

  • Lot E

    8.35 miles

  • Lot G

    8.38 miles

  • Lot D

    8.43 miles

  • Lot C

    8.48 miles

  • Lot B

    8.55 miles

  • Lot A

    8.57 miles

  • Sandy Point Blue Green Lot

    9.06 miles

  • Hilton Garden Inn

    0.07 miles

  • Best Western

    0.16 miles

  • Holiday Inn Express

    0.22 miles

  • Sleep Inn

    1.87 miles

  • Kent Manor Inn

    4.08 miles

  • Safeway

    1.90 miles

  • Big Lots

    2.08 miles

  • Food Lion

    4.06 miles

  • Food Lion

    9.93 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Robert H. Greenlee

SVN | Miller Commercial Real Estate