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    32993 Old Ocean City Rd Parsonsburg, MD 21849

    For Sale
    $1,600,000

    1.88-acre commercial property with excellent access and development potential.

    Lot size:
    0.88 Acres

    Property Features for 32993 Old Ocean City Rd

    General Information

    Lot size
    0.88 Acres

    Building Details

    Year built
    1920

    Source: Keller Williams Realty Delmarva Agent Mike Barth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property with High Visibility

    This 1.88-acre commercial property offers high visibility and excellent access, situated less than a mile from State Rt 50 at the corner of Old Ocean City Rd and Parsonsburg Rd. The property includes two commercial-zoned parcels, identified as 203 and 202, totaling 1.38 acres. These parcels feature a main building and ample parking, making them suitable for retail or service-based businesses. Additionally, the sale incorporates two residential-zoned parcels, 200 and 201, which together comprise 0.5 acres. The seller is actively pursuing rezoning these residential parcels for commercial use, enhancing the property's potential. This versatile property is suitable for businesses such as a Dollar General, storage units, or other commercial ventures. The seller is open to owner financing.
    Insight Report 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
    -75.4680393
    Latitude
    38.387986

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    FAQs

    What type of property is this?
    Commercial land - 1.88-acre commercial property with excellent access and development potential.
    Where is this commercial land 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.
    What are key features of this property?
    This property features: - Prime commercial location with high visibility and excellent access near State Rt 50.; - Two commercial-zoned parcels totaling 1.38 acres with a main building and ample parking.; - Includes two additional residential-zoned parcels (0.5 acres) with active rezoning efforts for commercial use.
    (410) 980-2751
    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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