Property profile

204 Washington St Snow Hill, MD 21863

FOR SALE
Other investment properties
Property ID
US40-1531588
6,560 SF 0.22 ac lot Built 1910
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

The property portfolio includes two Washington Street commercial buildings and an adjacent vacant lot in downtown Snow Hill, Worcester County, Maryland, located along a high-visibility thoroughfare. At 204 Washington St, the site consists of a commercial building of approximately 6,560 square feet on a 0.22-acre parcel; the structure is described as under-utilized and suitable for redevelopment into uses such as boutique office, retail/restaurant, creative studio, or a mixed live/work concept. The neighboring vacant lot is included within the portfolio and provides additional land area that may support expansion and complementary site improvements. At 200 Washington St, the multi-use building is approximately 3,600 square feet and sits on a 7,000 square foot lot; it was constructed circa 1900 and has a history of medical/clinic use as well as other commercial tenant uses. Overall, the combination of an operating multi-use building, an additional multi-use building, and an adjacent vacant parcel provides configuration flexibility for owner-occupancy with potential leasing of other space and for redevelopment scenarios that may include commercial, professional office, retail, or residential conversion, including opportunities to consolidate holdings or expand site improvements.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Construction BRICK
Total area 6,560 SF
Lot 0.22 ac (9,545 SF)
Zoning code B-1
APN 02-016818
UPID US40-1531588

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

204 Washington St Snow Hill, MD 21863
Snow Hill metro Census 951300 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$400k

Owner & transaction history

since 2016
3 recorded transactions
2016
$401,000
2006
$850,000
2000
Price N/A

Zoning & alternative use

B-1 · Snow Hill, MD
Zoning description

Accessory uses located outside the principal structure and separate structures serving the residential units are prohibited in the B-1 District. § 200-79 Portable storage containers, roll-off trash containers. A. Tempora…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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