Snow Hill, MD – The McClellan Team at SVN | Miller Commercial Real Estate recently listed and sold the former Emporium building in downtown Snow Hill. The property is situated at the corner of Pearl St, W Green St, and Bank St and features two commercial units on the ground floor and potential for 6 apartment rentals on the second and third floors. This building has quintessential historic charm with a great deal of history, and a long-standing notoriety in the community.
Chris Messick and Kelly Jeter listed the building, both for sale, and the two commercial units on the ground floor for lease. They were able to fully lease both units, one to Hansen’s Craftory, a maker’s market of candles and various other handmade goods, and the other to Golden Shanny’s, a deli with boutique component offering a great option for a quick and easy lunch stop for downtown and surrounding local professionals and residents. This is exciting as these two new businesses can contribute to the growth in downtown Snow Hill and offer new retail options to both visitors and locals.
Once the two commercial units were leased, John McClellan contacted an experienced local multifamily investor looking for new opportunities. The investor was intrigued by the uniqueness of the Pearl St building and also the upside potential of the apartment rental units. Agreeable deal terms were reached, the building was put under contract, and moved to closing in a timely manner. This was the investor’s first investment in the Snow Hill community. The new owner looks forward to renovating the apartments for upscale living for downtown residents and visitors.
Through remaining in constant communication, overcoming obstacles, and always keeping the clients’ interest at the forefront, the Emporium Building gained a new owner who plans to maintain the current charm and characteristics of the building, while improving and modernizing the building.
The sellers said, “Chris and Kelly were a dynamic team that we enjoyed working with. They paid close attention to every detail and ensured all necessary steps were taken to provide a successful outcome. We appreciated their expertise throughout the leasing and sale processes.”
The buyer said, “John’s commercial real estate knowledge and expertise is second to none. I sincerely appreciated his guidance and professionalism and look forward to continuing to work with him.”
If The McClellan Team can assist you with any commercial real estate needs, please contact them at 410-543-2428 or email john.mcclellan@svn.com.
