Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    0 Rt. 50 - Ocean Gtwy, Salisbury, MD 21804

    1.41 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.41 ac (61,420 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own Rt. 50 - Ocean Gtwy?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message