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
Full Property Details for 9091 Ocean Highway
MLS ID: 1001559748
Added: 825 day(s) ago
Area: Wicomico Northeast (23-02)
Development Name: None Available
Subdivision: None Available
Driving Directions: Located on US Route 13 in Delmar, MD.
9091 Ocean Highway, Delmar, MD 21875 (MLS# 1001559748) is a
9091 Ocean Highway is currently listed for $325,000 and was received on April 14, 2016.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.