9091 Ocean Hwy Delmar, MD 21875
Property Features for 9091 Ocean Hwy
General Information
- Lot size
- 1.70 Acres
Source:
Moodyscre
Listing Agent: Matthew Trader
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Delmar Multifamily Property on Route 13
This six-unit apartment complex is situated on approximately 1.7 acres in Delmar, Maryland, just outside of Salisbury on Route 13. The property features direct access off of US Route 13 and approximately 500 feet of highway frontage. Currently used as a small apartment complex, the property is producing income but could also be used for commercial development. Utilities are located on-site. The property has stable tenants with short-term leases, providing immediate income and flexibility. The current net operating income is $44,714, which can be used for carrying costs while the new owner works on future development plans.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Delmar
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.560779
- Latitude
- 38.4421208
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit apartment complex on 1.7 acres with highway frontage.
Where is this apartment building located?
The property is located at 9091 Ocean Hwy Delmar, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: - Direct access off US Route 13 with **500 feet of highway frontage**.; - Income-producing 6-unit apartment complex with stable tenants.; - **Potential for commercial development on 1.7 ± acres**.