401 Old Virginia Rd - Flex FOR SALE


Pocomoke City, MD 21851
$499,000 USD
443-880-1273
401 Old Virginia Rd, Pocomoke City, MD for Sale
$499,000 USD
Flex - FOR SALE
1/27
null | Request Cap Rate

401 Old Virginia Rd
Pocomoke City, MD 21851


HIGHLIGHTS

  • Proximity to heavily travelled US RT 13 (1,000 ft)
  • .67 AC at signalized intersection with access to 2 roads from subject property
  • Positioned with excellent complimentary business traffic

OVERVIEW

Seize the opportunity to own a versatile mixed use commercial property. Perfect for investors and owner / operators alike and could include the existing business through a separate negotiation / sale. This property underwent a total overhaul since 2020. All plumbing, electrical, HVAC and ductwork have been replaced and insulation added. The first floor has been completely upgraded while maintaining its rustic appeal and features retail space, 2 bathrooms and storage. In addition to over 1300 square feet of storage area, the 2nd floor features a spacious, income producing 3 bedroom / 1 bath apartment with private entrance that could also be utilized for an owner / operator suite. This sale includes the adjoining property of 1847 Market Street which boasts an additional 15,020 square feet (.34 acres) of land that could be developed or used for additional parking. The additional acreage brings the total land area to 29,037 square feet (.67 acres). This is a high visibility location situated at a signalized intersection with ingress and egress from 2 roadways and outstanding complimentary neighboring businesses along heavily travelled US Rt.13, Old Virginia Rd, and Market Street.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Black Water Relics

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67

LAND SF

29,185

ZONING

B-2

APN/PARCEL ID

01-005383

ASK ABOUT THIS PROPERTY

Brandon ZiskaColdwell Banker Commercial RealtyMore Info
443-880-1273

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Brandon ZiskaColdwell Banker Commercial RealtyMore Info
443-880-1273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.