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Listed by Michael Dunn • Keller Williams Realty Delmarva
$ 279,900
Est. payment /mo
Active
501 MARKET ST Pocomoke City, MD 21851
0.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWO2035234
Year Built 1925
Annual Tax Amount $2,908
Tax Year 2025
Lot Size 0.395 Acres
Acres 0.4
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Versatile B-1 commercial property offering a unique mixed-use opportunity. The front building features a house-style layout ideal for office, professional services, or live/work use. A separate rear building includes what look to have been at one time, seven or eight apartments (seven - one bed/ one bath and one - two bed/ one bath), providing additional income potential. Property needs updates and improvements, but offers excellent upside for investors, owner-users, or developers seeking a value-add opportunity. Flexible layout, multiple units, and strong potential to reposition and customize for a variety of uses. Great opportunity to build equity and maximize long-term returns. Keep in mind The current zoning does not look to allow for residential apartments, but per the seller, there may be an avenue for an Airbnb or something of that sort in the existing zoning, and there may be possibilities to apply for zoning variances or changes once the buyer purchases the property, but the seller nor its agent makes any guarantees or representations, as to what uses are currently allowed and would refer all buyers to the city of pocomoke to verify any allowed uses as well as the current zoning, etc.
Location
State MD
County Worcester
Area Worcester West Of Rt-113
Zoning B-1
Interior
Hot Water Electric
Heating Other
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Tax ID 2401023233
Ownership Fee Simple
Special Listing Condition Standard
