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9091 Ocean Highway, Delmar, MD 21875

$325,000

  • For Sale
  • Active
  • Commercial
9091 Ocean Highway, Delmar, MD 21875View this property at 9091 Ocean Highway, Delmar, MD 21875
9091 Ocean HighwayDelmarMD21875
Property Description
1.7 acres located just outside of Salisbury on Rt.13 in Delmar, MD. The property is currently being used as a small apartment complex and is producing income, but could be used for commercial development. Features that make this deal attractive: Direct access off of Rt.13. 500 Feet of Highway Frontage. Utilities are located on site. Stable tenants with short term leases provide immediate income and flexibility. Income can be used for carrying cost, while new owner works on future development plans. Current NOI: $22,889.69

Full Property Details for 9091 Ocean Highway

General

  • Price: $325,000
  • Status: Active
  • Type: Commercial
  • MLS ID: 1001559748
  • Updated: 6/22/2018
  • Added: 825 day(s) ago

Location

  • Area: Wicomico Northeast (23-02)
  • County: Wicomico
  • Development Name: None Available
  • Subdivision: None Available
  • Driving Directions: Located on US Route 13 in Delmar, MD.

Structural Information

  • Architectural Info: Other
  • Basement Desc.: None
  • Foundation: Slab
  • Stories/Levels: 1
  • Sq. Ft. Source: Estimated
  • Year Built: 1955
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 1.7
  • Lot Size Source: Estimated
  • Lot Features: Cleared
  • Zoning: C, Commercial, MultiFamily
  • Lot Description: Cleared

Financial Considerations

  • Price Per Sq. Ft.: $131.79
  • Tenant Pays: Utilities - All

Disclosures and Reports

  • Ownership: Other

Listed by Rinnier Development Co, Matthew Trader

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Schools

Schools serving 9091 Ocean Highway

School District:Wicomico County Public Schools
School Name
Grades
Distance
Delmar Elementary School
811 S 2nd St, Delmar, MD 21875
PK-4
0.9 mi
Wicomico Middle School
635 E Main St, Salisbury, MD 21804
6-8
5.5 mi
Wicomico High School
201 Long Ave, Salisbury, MD 21804
9-12
5.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 9091 Ocean Highway Get Price Alerts

Date
Details
Price
Change
Source
4/14/2016
Listed
$325,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 9091 Ocean Highway

Listed by Rinnier Development Co, Matthew Trader

9091 Ocean Highway, Delmar, MD 21875 (MLS# 1001559748) is a Commercial property. 9091 Ocean Highway is currently listed for $325,000 and was received on April 14, 2016. Want to learn more about 9091 Ocean Highway? Do you have questions about finding other Commercial real estate for sale in Delmar? You can browse all Delmar real estate or contact a Coldwell Banker agent to request more information.