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1238 OCEAN HWY Pocomoke City, MD 21851
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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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Bought with Kelly Jeter • SVN |Miller Commercial Real Estate