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Listed by Chris Peek • SVN/Miller Commercial Real Estate
$225,000
Est. payment /mo
7,316 SqFt
Pending
1309 MARKET ST Pocomoke City, MD 21851
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 7,316 sqft
Price per Sqft $30
MLS Listing ID MDWO2031672
Year Built 1951
Annual Tax Amount $3,908
Tax Year 2024
Lot Size 10,000 Sqft
Acres 0.23
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Pocomoke Market Street Retail Center -
Property is comprised of 2 adjoining buildings. A small 216 sq ft retail structure that was a barber shop, and an approximate 7,466 sq ft, 5 unit retail strip center on a 10,000 sq ft lot. One unit (A) is leased as a carry out restaurant for $1100 per month. The lease is month to month but they have been there for some time. Another unit has been leased out to a church for $500 per month. There are three empty units. The roof is in good shape with the exception of the end unit (E) section. This section needs a replacement roof and some interior work. The cost to do this is estimated at $45,000. There is a laundromat user wishing to lease Unit E if the improvements can be done.
This property has excellent upside potential. This would be an excellent opportunity for a value add Buyer.
Se attached "DESCRIPTION & ANALYSIS OF IMPROVEMENTS" in documents section.
Property is comprised of 2 adjoining buildings. A small 216 sq ft retail structure that was a barber shop, and an approximate 7,466 sq ft, 5 unit retail strip center on a 10,000 sq ft lot. One unit (A) is leased as a carry out restaurant for $1100 per month. The lease is month to month but they have been there for some time. Another unit has been leased out to a church for $500 per month. There are three empty units. The roof is in good shape with the exception of the end unit (E) section. This section needs a replacement roof and some interior work. The cost to do this is estimated at $45,000. There is a laundromat user wishing to lease Unit E if the improvements can be done.
This property has excellent upside potential. This would be an excellent opportunity for a value add Buyer.
Se attached "DESCRIPTION & ANALYSIS OF IMPROVEMENTS" in documents section.
Location
State MD
County Worcester
Area Worcester West Of Rt-113
Zoning B-2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 24.0
Water Access N
Accessibility None
Total Parking Spaces 24
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2401025414
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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