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    OFF-MARKET
    Warehouses

    1011 Ocean Hwy, Pocomoke City, MD 21851-3052

    8,190 SF 4.23 ac lot Built 1980
    Entity Owned 24-yr Hold Free & Clear
    Property ID
    US40-0211494
    Property summary
    AI-generated overview

    This exceptional 4.23-acre commercial property, located at 1011 Ocean Highway in Pocomoke City, Maryland (zip code 21851), presents a unique investment opportunity. The 18,000-square-foot retail space, built in 1980, sits on a prominent highway frontage lot, offering unparalleled visibility and high traffic counts due to its direct access to Route 13. Currently vacant, this B-2 zoned property boasts significant potential for a variety of commercial uses. The sale includes a substantial amount of existing inventory, featuring classic cars (including Corvettes), unique gas pumps, and highly sought-after and neon signs. Previously operated as a flea market, the property has a history of multiple monthly vendor leases, suggesting strong potential for continued rental income. The seller will provide detailed inventory information to qualified buyers. This is a rare chance to acquire a large, well-located commercial property with significant upside potential. Serious inquiries only.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1980
    Construction BRICK
    Total area 8,190 SF
    Lot 4.23 ac (184,259 SF)
    Zoning code B-2
    APN 01-010352
    UPID US40-0211494
    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
    Current use
    Occupant on record · Public records
    • Flea Market 13 Antiques & Used Furniture Home Decor Store (Bike/Boat/Book/etc) Store
    • Eastern Shore Country Store Home Decor Store Department Store
    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
    Masten Lumber & Supply Co · 24 yrs held
    Masten Lumber & Supply Co
    since 2002
    2 recorded transactions
    2002
    $304,500
    1969
    Zoning & alternative use
    B-2 · Pocomoke City, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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