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1216 S Talbot St
6,495 SF of Retail Space Available in Saint Michaels, MD 21663
Highlights
- Pylon signage available
- 10 min. drive to Easton, MD
- Situated at the gateway to downtown St. Michaels, MD
- Highly affluent Eastern Shore trade area
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,495 SF | Negotiable | $20.15 CAD/SF/YR $1.68 CAD/SF/MO $130,885 CAD/YR $10,907 CAD/MO | Modified Gross |
1st Floor
6,495 SF available (former restaurant/bar and seafood market)
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Ample on-site parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1216 S Talbot St , Saint Michaels, MD 21663
| Property Type | Retail | Year Built | 1993 |
| Property Subtype | Storefront | Parking Ratio | 2.38/1,000 SF |
| Gross Leasable Area | 24,340 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 24,340 SF |
| Year Built | 1993 |
| Parking Ratio | 2.38/1,000 SF |
About the Property
A prime retail, restaurant, or bar space is available for lease at 1216 S. Talbot Street in Saint Michaels, Maryland. This 6,495 SF property, formerly a restaurant/bar and seafood market, boasts a high-visibility location on S. Talbot Street/Route 33, which sees approximately 14,852 cars daily. Key features include pylon signage, ample on-site parking, and a strategic position at the gateway to downtown Saint Michaels. Located just 10 minutes from Easton, this property serves a highly affluent Eastern Shore trade area, making it an ideal opportunity for businesses seeking a prominent and well-trafficked location.
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1216 S Talbot St
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