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- LoopNet Team
11073 Cathell Rd
Ocean Pines, MD 21811
Redevelopment Opportunity · Land For Sale
·
2.38 AC

INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Highly Visible in Great Location
- 2.38 +/- Commercial Acres
- Great access
PROPERTY FACTS
DESCRIPTION
Existing two-story office/retail building that has not been well maintained. Highly visible commercial property prime for redevelopment, or to locate your office or retail location. The site is connected to (via an easement) a recently developed Walgreens at a lighted intersection. The property is situated within sight of the Rt. 90 interchange which is one of three major access points into Ocean City that with 8,000,000 visitors a year. The property currently consists of a 9,248 SF two-story building on 2.38 acres. The zoning is C-2 General Commercial which allows for a more intense commercial development. Location: The property is located 1-parcel away from a major lighted intersection (adjacent to a Walgreens) in the heart of Ocean Pines, MD which is a premier resort residential community just 5-miles outside of Ocean City, MD. Ocean Pines as 8,452 residential lots with 20,000 residents. Worcester County has the most Blue Ribbon schools of any county in the state per capita. Demographics are strong with household income 40% higher than the national average and average home values are 100% higher than the national average.
PROPERTY TAXES
| Parcel Number | 03-011178 | Improvements Assessment | $1,645,000 |
| Land Assessment | $970,000 | Total Assessment | $2,615,000 |
PROPERTY TAXES
Listing ID: 9908455
Date on Market: 11/8/2017
Last Updated:
Address: 11073 Cathell Rd, Ocean Pines, MD 21811
The Land Property at 11073 Cathell Rd, Ocean Pines, MD 21811 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
