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Property profile & analytics
OFF-MARKET
Commercial real estate

30342 Foskey Ln Delmar, MD 21875-2068

1,508 SF 1.75 ac lot Built 1995
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US40-0231344
Property summary
AI-generated overview

This exceptional 1.75-acre commercial parcel presents a unique investment opportunity in Delmar, Maryland. Strategically located on the corner of US Route 13 (Ocean Highway) and Foskey Lane, this property boasts significant visibility and accessibility. Its zoning designation, Community Business District, within the Town of Delmar, allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. The property benefits from readily available public water along its US Route 13 frontage, simplifying development and operational costs. This prime location offers unparalleled potential for businesses seeking a prominent presence along a major thoroughfare. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Note that an adjacent property at 9245 Ocean Highway is also available for sale, and the owners are open to selling both parcels as a combined package, presenting an even more substantial development opportunity. This presents a rare chance to acquire a significant commercial holding in a thriving location. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price for this single parcel is $450,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1995
Construction BRICK
Total area 1,508 SF
Lot 1.75 ac (76,230 SF)
Zoning code C
APN 11-005969
UPID US40-0231344
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Crab Pot Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Delmarva Holdings LLC · 25 yrs held
Delmarva Holdings LLC
since 2001
1 recorded transaction
2001
$150,000
Zoning & alternative use
C · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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