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    1301 State St Delmar, MD 21875

    Sponsored
    For Sale
    $4,250,000

    14,564 SF Medical Office, Vacant, $4.25M

    Property size:
    14,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,564-square-foot medical office building is situated on a 1.74-acre lot in Delmar, Maryland, at the highly visible and heavily trafficked intersection of Route 54 and Route 13. Boasting three convenient access points (Route 13, Route 54, and Woodlawn Avenue), this vacant property offers significant redevelopment potential. The prime location on the Maryland/Delaware border benefits from over 45,000 vehicles passing daily, ensuring excellent visibility and accessibility. National retailers such as McDonald's, Food Lion, Wawa, Verizon, and Advance Auto are nearby, creating a strong retail environment and attracting a substantial customer base. The property's strategic location is further enhanced by its proximity to a dense population; over 4,100 people reside within one mile, with 10,215 within three miles and 24,132 within five miles. Recent population growth within a one-mile radius has been 0.94% over the past five years, projected to increase another 1.11% through 2023, indicating a thriving and expanding community. Numerous new commercial developments are underway in the area, solidifying its appeal and potential for future growth. The asking price is $4,250,000, translating to $305.55 per square foot. This presents a unique opportunity to acquire a high-profile medical office building in a rapidly developing market.

    Property Features for 1301 State St

    General Information

    Property type
    Medical offices
    Square Feet
    14,564 SF
    Lot Size
    75,794 SF

    HighLights

    • High‑traffic retail location with national co‑tenants including McDonald's, Food Lion, Wawa, Verizon, and Advance Auto.
    • Excellent visibility and three access points from Routes 13 & 54, and Woodlawn Avenue.
    • Prime signalized corner location at Routes 54 and 13 (MD/DE border), with over 45,000 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Bimal C. Das, ... Pharmacy Satya Nagaraju Addaganti ... Pharmacy Rite Aid Photo Photo Lab Coinhub Bitcoin ATM ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5593747
    Latitude
    38.4551467

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    FAQs

    What type of property is this?
    Medical office - 14,564 SF Medical Office, Vacant, $4.25M
    Where is this medical office located?
    The property is located at 1301 State St Delmar, MD.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: High-traffic retail location with national co-tenants including McDonald's, Food Lion, Wawa, Verizon, and Advance Auto.; Excellent visibility and three access points from Routes 13 & 54, and Woodlawn Avenue.; Prime signalized corner location at Routes 54 and 13 (MD/DE border), with over 45,000 vehicles daily.
    Request Owner's contact information
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    Delmar, MD 21875
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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
    1301 State St Delmar, MD 21875
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