Bought with Darrell Walker • Keller Williams Realty of Delmarva-Salis
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Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWO2005970
Sold Date 06/07/22
Year Built 2007
Annual Tax Amount $9,887
Tax Year 2021
Lot Size 0.815 Acres
Acres 0.81
Lot Dimensions 0.00 x 0.00
Property Sub-Type Office
Source BRIGHT
Property Description
+/- 8,436 SF multi-unit office/retail center located on Ocean Highway (Route 13) in Pocomoke City, Maryland. Marva Square is fully leased and income producing with an NOI of $44,000 (7% CAP). Current tenants include Open Arms & Hearts Health Services, South Pointe Management Group and LKC Systems. Leases with nearing expirations are pending renewal. This center has excellent visibility and offers highway frontage along Route 13.
Location
State MD
County Worcester
Area Worcester West Of Rt-113
Zoning R-2
Interior
Hot Water Electric
Heating Other
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility Level Entry - Main, Other
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2401010204
Ownership Fee Simple
Special Listing Condition Standard
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