20835 Nanticoke Rd Bivalve, MD 21814-2018
- Grocery and convenience stores
- 2,880 SF
- 0.54 lot acres
Jan 20, 2022
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
-
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
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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