30342 Foskey Ln Delmar, MD 21875
- Commercial real estate
- 1,508 SF
- 1.75 lot acres
Current Use by Public Records
- The Crab Pot / Seafood Restaurant
Property Details for 30342 Foskey Ln
- Year built
- 1995
- Construction
- BRICK
- Lot size
- 1.75 lot acres
- Property size
- 1,508 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 11-005969
- APU
- 11005969
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $315,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $340,000
- Mixed-Use
- $280,000
- Hospitality
- $300,000
- Educational
- $280,000
- Residential Income
- $315,000
- Energy
- $295,000
- Income-Based Land
- $325,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Delmar
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5597
- Latitude
- 38.4456
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA