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    1700 Ocean Gtwy Trappe, MD 21673

    Sponsored
    For Sale
    $950,000

    10.5 Acres, Waterfront Potential, High Visibility

    Property size:
    475,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 1700 Ocean Gtwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    475,000 SF
    Lot Size
    457,380 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Pesca bill burton Grocery Store

    Suggested Use

    Restaurant Wholesale Shop Hotel & Motel Food Market Grocery Store Bakery Bed & Breakfast Breakfast Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Trappe
    County
    Talbot
    State
    Maryland
    Longitude
    -76.04674
    Latitude
    38.59501

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    FAQs

    What type of property is this?
    Commercial real estate - 10.5 Acres, Waterfront Potential, High Visibility
    Where is this commercial real estate located?
    The property is located at 1700 Ocean Gtwy Trappe, MD.
    What is the asking price?
    The asking price for this property is $950,000.
    (410) 296-3400
    Request Owner's contact information
    1700 Ocean Gtwy Trappe, MD 21673
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    Trappe, MD 21673
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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
    1700 Ocean Gtwy Trappe, MD 21673
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