Recently Viewed Properties
9091 Ocean Hwy, Delmar, MD 21875

$325,000

  • For Sale
  • Active
  • Commercial
9091 Ocean Hwy, Delmar, MD 21875View this property at 9091 Ocean Hwy, Delmar, MD 21875
9091 Ocean HwyDelmarMD21875

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 Detailsfor 9091 Ocean Hwy

General

  • Price: $325,000
  • Status: Active
  • Type: Commercial
  • MLS ID: 503493
  • Updated: 4/4/2018
  • Added: 742 day(s) ago

Property History

  • 9091 Ocean Hwy, Delmar, MD
  • Listed at $325,000 on 4/14/16

Additional Information

  • Pool Description: None

Location

  • Area: 23-02 Wicomico Co Northeast
  • County: Wicomico
  • Subdivision: N/A
  • Driving Directions: Located on US Route 13 in Delmar, MD.

Structural Information

  • Description/Design: Apartments
  • Basement Desc.: None
  • Foundation: Concrete Slab
  • Stories in Building: 1
  • Square Feet: 2,466
  • Other: 2,466 Sq. Ft.
  • Year Built: 1955

Lot Features

  • Lot Size (Acres): 1.7
  • Zoning: Commercial, Multi-Family, C
  • Lot Description: Cleared

Water Features

  • Dock Description: None

Financial Considerations

  • County Tax: $1,333.76
  • Tenant Expense: Utilities

Disclosures and Reports

  • Documents Avail.: Aerial Photos
  • Legal Description: 1.7 AC 9091 N OCEAN HIGHWAY SE OF DELMAR
  • Disclosures/Rstr.: Existing Leases/Rentals
  • APN: 356

Listed by Rinnier Development Co, Matthew Trader

Quickly Find Out More

We Value Your Privacy

Schools

Schoolsserving 9091 Ocean Hwy

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.

Estimate the Cost

Estimate the Cost for 9091 Ocean Hwy

$
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Community Info

Community Infofor 9091 Ocean Hwy

Listed by Rinnier Development Co, Matthew Trader

9091 Ocean Hwy, Delmar, MD 21875 (MLS# 503493) is a Commercial property. 9091 Ocean Hwy is currently listed for $325,000 and was received on April 14, 2016. Want to learn more about 9091 Ocean Hwy? 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.