Pocomoke City, MD 21851,1238 OCEAN HWY
Pocomoke City, MD 21851,1238 OCEAN HWY
Pocomoke City, MD 21851,1238 OCEAN HWY
43
$785,633
$975,000
19.4%
Est.Price: ?

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6,300 SqFt

1238 OCEAN HWY Pocomoke City, MD 21851

Est. payment /mo
SOLD DATE : 04/12/2024

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Key Details

Sold Price $785,633

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $124

MLS Listing ID MDWO2018722

Sold Date 04/12/24

Originating Board BRIGHT

Year Built 2008

Annual Tax Amount $12,203

Tax Year 2023

Lot Size 2.000 Acres

Acres 2.0

Property Description

INVESTMENT OPPORTUNITY! Napa Auto Parts store in Pocomoke is leased and fully guaranteed by Genuine Parts Company and features a new 5 year lease (commenced 10/1/23) with two 5 year renewal options. Base rent is $6,000.50 per month with increases in the renewal terms. The landlord is responsible for roof and building structure while the tenant is responsible for interior maintenance and reimbursement of real estate taxes, insurance, and common area maintenance. The building is a free-standing 6,300 SF metal building that features front retail/parts counter space with warehouse for racking and storage. The property is in great condition and offers an investor a low maintenance, low hassle investment opportunity along the highly trafficked Rt 13 corridor. Average daily traffic counts are in excess of 20,000 vehicles per day. Complete lease information available with a signed NDA.

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 23.0

Water Access N

Accessibility No Stairs

Total Parking Spaces 23

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Worcester County Public Schools

Others

Tax ID 2401046268

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John McClellan • SVN |Miller Commercial Real Estate
Bought with Kelly Jeter • SVN |Miller Commercial Real Estate

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agent

Skip Tolley

Agent | License ID: 528296

+1(410) 935-7500

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