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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

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Bank
  • Convenience Store
  • Hold For Development
  • Hotel
  • Neighborhood Center
  • Restaurant
  • Strip Center
Total Lot Size 2.38 AC
No. Stories 1
Zoning C2

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

PROPERTY TAXES

Parcel Number
03-011178
Land Assessment
$970,000
Improvements Assessment
$1,645,000
Total Assessment
$2,615,000
  • Listing ID: 9908455

  • Date on Market: 11/8/2017

  • Last Updated:

  • Address: 11073 Cathell Rd, Ocean Pines, MD 21811

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