1011 Ocean HwyPocomoke City, MD 21851

  • Industrial properties
  • 8,190 SF
For Sale
$4,900,000 View listing

Property Details for 1011 Ocean Hwy

Year built
1980
Construction
BRICK
Lot size
4.23 AC
Property size (Sq ft)
8,190 SF
Zone code
B-2
Property type
Industrial properties
Property subtype
Other warehouses
APN
01-010352
APU
1010352

Description

This exceptional 4.23-acre commercial property, located at 1011 Ocean Highway in Pocomoke City, Maryland (zip code 21851), presents a unique investment opportunity. The 18,000-square-foot retail space, built in 1980, sits on a prominent highway frontage lot, offering unparalleled visibility and high traffic counts due to its direct access to Route 13. Currently vacant, this B-2 zoned property boasts significant potential for a variety of commercial uses. The sale includes a substantial amount of existing inventory, featuring classic cars (including Corvettes), unique gas pumps, and highly sought-after and neon signs. Previously operated as a flea market, the property has a history of multiple monthly vendor leases, suggesting strong potential for continued rental income. The seller will provide detailed inventory information to qualified buyers. This is a rare chance to acquire a large, well-located commercial property with significant upside potential. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,979,564
    Hospitality
    $1,813,270
    Educational
    $1,508,620
    Medical
    $1,560,504
    Retail
    $2,346,742
1011 Ocean Hwy, Pocomoke City, Maryland

Location Insight

City
Pocomoke City
County
Worcester
State
Maryland
Latitude
38.0332
Longitude
-75.5426
CBSA code
41540
CBSA name
SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,655
-
-
$318,733
-
$187,300
$143,900
$331,200

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].