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Property profile & analytics

20835 Nanticoke Rd Bivalve, MD 21814-2018

  • Grocery and convenience stores
  • 2,880 SF
  • 0.54 lot acres
OFF-MARKET
Last Sale
Jan 20, 2022
$225,000
Value Estimations
$295,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US40-1259719
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cedar Hill General Store and Deli / Deli

Property Details for 20835 Nanticoke Rd

Year built
1952
Construction
BRICK
Lot size
0.54 lot acres
Property size
2,880 SF
Zone code
ARR
Property type
Grocery and convenience stores
APN
12-000111
APU
12000111

Description

This charming 2,880 square foot mixed-use property located at 20835 Nanticoke Road, Bivalve, MD, presents a unique investment opportunity. Situated on a 0.54-acre lot, this established general store offers a blend of commercial and residential potential. Currently operating as a successful business, it provides a steady income stream with opportunities for expansion. The store offers a range of goods and services, including sandwiches, groceries, beverages, and ice, catering to both locals and tourists. Its convenient location near the County Owned Cedar Hill Marina/Park and the Nanticoke River provides easy access to recreational activities such as fishing and boating. The property's proximity to the river and the marina enhances its appeal and potential for increased foot traffic. The location is approximately 19 miles from Route 50 in Salisbury, offering a balance between rural tranquility and convenient access to larger urban areas. This property is ideally suited for an entrepreneur seeking a turn-key business with significant growth potential in a picturesque waterfront setting. The existing infrastructure and loyal customer base provide a solid foundation for continued success. The property's blend of commercial and potential residential use offers flexibility for future development and expansion. This is a rare opportunity to own a piece of Bivalve's history and capitalize on the region's thriving tourism and outdoor recreation industries. The asking price is $299,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $285,000
    ML approach
    $275,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $316,000
    Market price range: $286k - $576k
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $350,000
    Current use
    OFFICE BUILDING
    $450,000
    Change: +28% Conversion: Moderate
    RETAIL STORES
    $420,000
    Change: +20% Conversion: Easy
    AUTO REPAIR, GARAGE
    $345,000
    Change: -2% Conversion: Difficult
    WAREHOUSE, STORAGE
    $300,000
    Change: -14% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Bivalve
County
Wicomico
State
Maryland
Longitude
-75.8939
Latitude
38.29
CBSA code
41540
CBSA name
SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,724
$85,300
$187,800
$273,100
-
$85,300
$187,800
$273,100
More about this property
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