Princess Anne, Maryland: A Premier Destination for Commercial Real Estate

Introduction

Welcome to Princess Anne, Maryland—a growing hub for commercial real estate investment. As the county seat of Somerset County, this charming town is strategically positioned on the Eastern Shore, offering a unique blend of historical charm and modern economic development. The town's economy is primarily driven by education, agriculture, and tourism, bolstered by its proximity to the University of Maryland Eastern Shore. With its unique positioning and emerging industry clusters, Princess Anne is an attractive destination for commercial real estate investors looking for opportunities in office, industrial, and retail sectors.

Economic and Industry Overview

Princess Anne's economy is heavily influenced by its educational institutions, notably the University of Maryland Eastern Shore, which drives demand for office and retail spaces. Additionally, agriculture remains a cornerstone industry, with the town serving as a central hub for agricultural distribution and services. The presence of these sectors fosters a supportive environment for ancillary businesses and services, contributing to a diverse commercial real estate landscape.

Regional economic development initiatives, such as those led by the Somerset County Economic Development Commission, aim to enhance business growth and attract new industries, making Princess Anne a burgeoning market for commercial property.

Strategic Location and Transportation Infrastructure

Princess Anne benefits from a strategic location with access to major transportation networks. The town is situated along U.S. Route 13, which provides direct access to major cities and markets. The proximity to the Port of Baltimore and Salisbury-Ocean City Wicomico Regional Airport enhances its logistical advantages, facilitating efficient distribution and access to a skilled labor pool.

The town's connectivity to larger markets along the Eastern Seaboard positions it as a prime location for businesses seeking cost-effective distribution solutions. For more information, visit the Maryland Department of Transportation.

Commercial Real Estate Inventory & Zoning

Princess Anne boasts several key commercial real estate submarkets, including its central business district and growing industrial corridors. The town offers diverse asset classes such as industrial, retail, office, and commercial-grade multifamily properties. Recent zoning updates have introduced development incentives, making it easier for investors and developers to capitalize on new opportunities.

For zoning maps and parcel viewers, please refer to the Somerset County Planning and Zoning Department.

Major Employers and Institutions

The University of Maryland Eastern Shore is the predominant employer, driving significant demand for commercial real estate. Other notable employers include agricultural businesses and government centers. These institutions not only provide employment but also stimulate the need for office, retail, and mixed-use developments.

Explore more about local employers through the Somerset County Economic Development Commission.

Notable Commercial Developments & Projects

Recent developments include mixed-use projects and the expansion of industrial zones, supported by public-private partnerships and Opportunity Zones. These initiatives aim to revitalize underutilized areas and attract new businesses. For details on current projects, visit the Somerset County Planning Department.

Building Permits, Planning, and Development Tools

To assist investors and developers, Princess Anne provides comprehensive resources for planning and development. Access key tools and portals through the following links:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

For in-depth market analysis, investors can access public datasets from sources like census.gov and the town's open data portals. Brevitas leverages AI-powered aggregation from public data and internal insights to provide comprehensive market intelligence. Explore our Brevitas-powered dashboards for detailed market data on Princess Anne.

Why Use Brevitas for Princess Anne, Maryland CRE?

Brevitas offers an unparalleled platform for commercial real estate discovery in Princess Anne, Maryland. With AI-driven insights, real-time market alerts, and smart property pages, Brevitas provides investors and brokers with the tools needed for successful transactions. Our unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Discover the advantages of using Brevitas for your commercial real estate needs in Princess Anne, Maryland. Visit Brevitas to learn more.