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    32993 Old Ocean City Rd Parsonsburg, MD 21849

    Sponsored
    For Sale
    $1,600,000

    High-visibility retail space, owner financing available.

    Property size:
    6,216 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 32993 Old Ocean City Road, Parsonsburg, MD, presents a unique investment opportunity. The 6,216 square foot main building sits on a prominent corner lot at the intersection of Old Ocean City Road and Parsonsburg Road, less than a mile from State Route 50, ensuring high visibility and excellent accessibility. The property encompasses a total of 0.88 acres, comprised of two commercially-zoned parcels (203 and 202, totaling 1.38 acres) featuring ample parking, and two additional residential-zoned parcels (200 and 201, totaling 0.5 acres). The seller is actively pursuing rezoning of the residential parcels for commercial use, significantly enhancing the property's future potential. The existing building and substantial parking area are ideally suited for a variety of retail or service-based businesses. The seller is offering owner financing, making this an attractive proposition for qualified buyers. This property's prime location and versatile zoning potential make it an exceptional investment opportunity for entrepreneurs seeking a high-traffic location. Consider this property for businesses such as a Dollar General, self-storage units, or other commercial ventures.

    Property Features for 32993 Old Ocean City Rd

    General Information

    Property type
    Retail properties
    Square Feet
    6,216 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Route 346 Emporium, ... Used Furniture Store

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Department Store Kitchen & Bath Food Market Storage Facility HVAC Service Grocery Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsonsburg
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.46817
    Latitude
    38.38806

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, owner financing available.
    Where is this retail property located?
    The property is located at 32993 Old Ocean City Rd Parsonsburg, MD.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (410) 524-6400
    Request Owner's contact information
    32993 Old Ocean City Rd Parsonsburg, MD 21849
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    Parsonsburg, MD 21849
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32993 Old Ocean City Rd Parsonsburg, MD 21849
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