30342 Foskey LnDelmar, MD 21875

  • Commercial real estate
  • 1,508 SF
For Sale
$450,000 View listing

Property Details for 30342 Foskey Ln

Year built
1995
Construction
BRICK
Lot size
1.75 AC
Property size (Sq ft)
1,508 SF
Zone code
C
Property type
Commercial real estate
APN
11-005969
APU
11005969

Description

This exceptional 1.75-acre commercial parcel presents a unique investment opportunity in Delmar, Maryland. Strategically located on the corner of US Route 13 (Ocean Highway) and Foskey Lane, this property boasts significant visibility and accessibility. Its zoning designation, Community Business District, within the Town of Delmar, allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. The property benefits from readily available public water along its US Route 13 frontage, simplifying development and operational costs. This prime location offers unparalleled potential for businesses seeking a prominent presence along a major thoroughfare. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Note that an adjacent property at 9245 Ocean Highway is also available for sale, and the owners are open to selling both parcels as a combined package, presenting an even more substantial development opportunity. This presents a rare chance to acquire a significant commercial holding in a thriving location. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price for this single parcel is $450,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $352,544
    Hospitality
    $322,928
    Educational
    $268,673
    Medical
    $277,913
    Retail
    $417,935
30342 Foskey Ln, Delmar, Maryland

Location Insight

City
Delmar
County
Wicomico
State
Maryland
Latitude
38.4456
Longitude
-75.5597
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
$1,746
$175,000
-
$175,000
-
$175,000
-
$175,000

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