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    OFF-MARKET
    Commercial real estate

    30342 Foskey Ln, Delmar, MD 21875-2068

    1,508 SF 1.75 ac lot Built 1995
    Entity Owned 25-yr Hold ~ Est. High Equity
    Property ID
    US40-0231344
    Property summary
    AI-generated overview

    This exceptional 1.75-acre commercial parcel presents a unique investment opportunity in Delmar, Maryland. Strategically located on the corner of US Route 13 (Ocean Highway) and Foskey Lane, this property boasts significant visibility and accessibility. Its zoning designation, Community Business District, within the Town of Delmar, allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. The property benefits from readily available public water along its US Route 13 frontage, simplifying development and operational costs. This prime location offers unparalleled potential for businesses seeking a prominent presence along a major thoroughfare. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Note that an adjacent property at 9245 Ocean Highway is also available for sale, and the owners are open to selling both parcels as a combined package, presenting an even more substantial development opportunity. This presents a rare chance to acquire a significant commercial holding in a thriving location. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price for this single parcel is $450,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1995
    Construction BRICK
    Total area 1,508 SF
    Lot 1.75 ac (76,230 SF)
    Zoning code C
    APN 11-005969
    UPID US40-0231344
    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
    • The Crab Pot Restaurant
    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
    Delmarva Holdings LLC · 25 yrs held
    Delmarva Holdings LLC
    since 2001
    1 recorded transaction
    2001
    $150,000
    Zoning & alternative use
    C · Delmar, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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