0 Rt. 50 - Ocean GtwySalisbury, MD 21804

For Sale
$745,000

Salisbury, MD commercial land, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 6.23-acre commercial land parcel, located on Route 50 - Ocean Gateway in Salisbury, Wicomico County, Maryland (zip code 21804), presents a remarkable investment opportunity. The property boasts tremendous visibility from Route 50 and convenient access via two side roads, Philip Morris Drive and Beaglin Park Drive. Zoned PPD (PPD - Lt Business & Instit/Neighborhood Bus & Select Commercial), this versatile site allows for a wide range of uses, including apartments, professional and medical offices, banks, churches, schools, convenience stores, retail establishments, restaurants, and many other possibilities. The land is a cleared site with city services available. This location is situated within a designated Maryland Opportunity Zone, potentially offering significant tax benefits and incentives to qualified investors. The total asking price is $745,000. Individual lot purchases are also available: Lot 5 (1.72 acres) for $205,000, Lot 6 (1.54 acres) for $185,000, Lot 7 (1.56 acres) for $185,000, and Lot 8 (1.41 acres) for $170,000. Don't miss this chance to acquire prime commercial real estate in a thriving location.

Highlights

  • Opportunity Zone designation.
  • 6.23-acre cleared site with city services.
  • Located in a Maryland Opportunity Zone offering potential tax advantages.
  • Zoned for diverse uses including multifamily, medical/professional offices, retail, and more.

Property Details for 0 Rt. 50 - Ocean Gtwy

Property type
Other land, Land
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Salisbury
County
Wicomico
State
Maryland
Latitude
38.3689008
Longitude
-75.5380772
Rt. 50 - Ocean Gtwy, Salisbury, Maryland

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0 Rt. 50 - Ocean Gtwy
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