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9091 Ocean Hwy Delmar, MD 21875

For Sale
$595,000

Six-unit apartment complex on 1.7 acres with highway frontage.

Lot size:
1.70 Acres

Property Features for 9091 Ocean Hwy

General Information

Lot size
1.70 Acres

Source: Rinnier Development Company 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.
Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Delmar
County
Wicomico
State
Maryland
Longitude
-75.560779
Latitude
38.4421208

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**.
More about this property
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