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1238 Ocean Highway

POCOMOKE CITY, MD 21851
  • $975,000
  • STATUS: Pending
  • ON SITE: 32 Days
  • ID#: MDWO2018722
Pending
$975,000
  • 0
    BEDS
  • 2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:

School Ratings & Info

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-04T23:51:05.58.
www.mcclainwilliamson.com/homes/147171678
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1238 Ocean Highway POCOMOKE CITY, MD 21851

  • Price: $975,000
  • Status: Pending
  • On Site: 32 Days
  • ID#: MDWO2018722
0
Beds
0
Baths
0
½ Baths
2
Acres
2008
Built
Neighborhood:
Worcester West Of Rt-113
County:
Worcester
Area:
Worcester West Of Rt-113
School District:
Worcester County Public Schools
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.
Exterior Features

Construction Materials Metal Siding Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6300.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 6300.00

Property Features

Accessibility Features No Stairs Assessment Year 2023 Business Type Auto RelatedManufacturingProfessionalWarehouse Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Pocomoke City Navigable Water YN N Net Operating Income 67686.00 New Construction YN No Number Of Units Total 1 Original MLSNumber 802841851542 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 12203.00 Tax Assessment Amount 584400.00 Vacation Rental YN No Water Source Public Zoning B-2

Listing courtesy of SVN/Miller Commercial Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-04T23:51:05.58.
 
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McClain-Williamson Realty, LLC.
47 Main St.
East New Market MD, 21631