Technical
Financial
Distress signals
Property profile

20835 Nanticoke Rd Bivalve, MD 21814

FOR SALE
Grocery and convenience stores
Property ID
US40-1259719
2,880 SF 0.54 ac lot Built 1952
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1952
Construction BRICK
Total area 2,880 SF
Lot 0.54 ac (23,691 SF)
Zoning code ARR
APN 12-000111
UPID US40-1259719

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Food Market Restaurant

Location

20835 Nanticoke Rd Bivalve, MD 21814
Bivalve metro Census 10800 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
Last sale
$225,000
5 recorded transactions
2022
$225,000
2020
Price N/A
2017
$423,000
2009
$200,000
2001
$120,000

Zoning & alternative use

ARR · Bivalve, MD

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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