1301 State St Delmar, MD 21875-2330
Property summary
This exceptional 14,564-square-foot retail and office property in Delmar, Maryland, presents a unique investment opportunity. Situated on a 1.74-acre lot at the signalized intersection of East State Street (Route 54) and Sussex Highway (Route 13), this property boasts unparalleled visibility with over 45,000 vehicles passing daily. The location benefits from three points of access, offering flexibility for future redevelopment. The building is currently entirely vacant, providing a blank canvas for a variety of uses, including executive office, medical office, pharmacy, or other retail ventures. Its strategic position on the Maryland-Delaware border ensures high traffic volume, further enhanced by the proximity to major national retailers such as Food Lion, Wawa, McDonald's, Verizon, Pet Valu, and AutoZone. The surrounding area demonstrates strong population growth, with 4,101 people within one mile, 10,215 within three miles, and 24,132 within five miles. Recent residential construction and a projected population increase of 1.11% through 2023 underscore the area's continued expansion and potential. The property's multiple access points and substantial size (14,564 square feet) allow for diverse tenant configurations or a single large-scale operation. Numerous new commercial developments in the vicinity further solidify this location as a thriving commercial hub. Three individual spaces ranging from 1,750 to 14,564 square feet are available for lease.
Property profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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Pharmacy
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Pharmacy
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(Bike/Boat/Book/etc) Store
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Atm
Value estimations
Owner & transaction history
Zoning & alternative use
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
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Delmar, MDZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C in Delmar, MD.
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