You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Industrial properties

1700 Ocean Gtwy Trappe, MD 21673

8,664 SF 8.66 ac lot Built 1987
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US40-0874990
Property summary
AI-generated overview

This exceptional 10.5-acre commercial property presents a unique investment opportunity in Trappe, Maryland. Strategically located on Ocean Gateway, just north of the Choptank River Bridge, this site boasts unparalleled visibility and accessibility. The expansive 475,000 square foot parcel offers significant development potential, ideal for a variety of commercial ventures. Its prime waterfront location provides stunning views and adds considerable value. Currently, the property awaits final approval and funding for a private sewage treatment plant from the state of Maryland and Talbot County. This crucial infrastructure element will significantly enhance the site's development potential and unlock its full commercial viability. The property's size and location make it an attractive prospect for businesses seeking a high-profile presence in a rapidly growing area. The completion of the sewage treatment plant will remove a key hurdle for future development, making this a compelling investment for those with a long-term vision. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $950,000. Don't miss this chance to acquire a significant piece of prime commercial real estate in a desirable Maryland location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1987
Construction BRICK
Total area 8,664 SF
Lot 8.66 ac (377,142 SF)
Zoning code A1
APN 03-117561
UPID US40-0874990
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
  • Pesca bill burton Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k
Owner & transaction history
Last Chance Partnership LLC · 25 yrs held
Last Chance Partnership LLC
since 2000
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2000
$325,000
Zoning & alternative use
A1 · Trappe, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $825,000 +6.7%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message