Property summary
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
VerifiedCap rate & NOI
Current use
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Home Decor Store (Bike/Boat/Book/etc) Store
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Home Decor Store Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
230-63 Conditional uses. § 230-64 Accessory uses. § 230-65 Use regulations; prohibited uses. § 230-66 Area, yard and bulk regulations. § 230-67 Height regulations. § 230-68 Downtown Central Business District. Article X B…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Pocomoke City, MD230-63 Conditional uses. § 230-64 Accessory uses. § 230-65 Use regulations; prohibited uses. § 230-66 Area, yard and bulk regulations. § 230-67 Height regulations. § 230-68 Downtown Central Business District. Article X B…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
230-63 Conditional uses. § 230-64 Accessory uses. § 230-65 Use regulations; prohibited uses. § 230-66 Area, yard and bulk regulations. § 230-67 Height regulations. § 230-68 Downtown Central Business District. Article X B…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Pocomoke City, MD.
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