Rt. 50 - Ocean Gtwy Salisbury, MD 21804
- Land
- 1.41 lot acres
Current Use by Public Records
- Land
Property Details for 0 Rt. 50 - Ocean Gtwy
- Lot size
- 1.41 lot acres
- Property type
- Land
Description
This exceptional 6.23-acre commercial land parcel, located on Route 50 - Ocean Gateway in Salisbury, Wicomico County, Maryland (zip code 21804), presents a remarkable investment opportunity. The property boasts tremendous visibility from Route 50 and convenient access via two side roads, Philip Morris Drive and Beaglin Park Drive. Zoned PPD (PPD - Lt Business & Instit/Neighborhood Bus & Select Commercial), this versatile site allows for a wide range of uses, including apartments, professional and medical offices, banks, churches, schools, convenience stores, retail establishments, restaurants, and many other possibilities. The land is a cleared site with city services available. This location is situated within a designated Maryland Opportunity Zone, potentially offering significant tax benefits and incentives to qualified investors. The total asking price is $745,000. Individual lot purchases are also available: Lot 5 (1.72 acres) for $205,000, Lot 6 (1.54 acres) for $185,000, Lot 7 (1.56 acres) for $185,000, and Lot 8 (1.41 acres) for $170,000. Don't miss this chance to acquire prime commercial real estate in a thriving location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5381
- Latitude
- 38.3689
