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20833 Nanticoke Rd

2,880 SF Retail Building Bivalve, MD 21814 £233,953 (£81/SF) 10.50% Net Initial Yield

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Investment Highlights

Well managed operation and property
Not much competition

Location to County Park

Executive Summary

Buy and lease or run the business. This established store and deli is located in an area where there is little to no competition. It features a little of everything from beverages, snacks, deli food, and other retail items, such as hats, fishing supplies etc. The store has underutilized space that can be repurposed to complement the current business.
The residence next door may be available for purchase as well. The LLC is for sale which includes the Land, building, and equipment. Inventory value to be determined prior to settlement. There is an easement for aportion of the available parking which is on the adjacent property. New location`````````````````` survey completed. Listing agent must accompany. Do not discuss sale with employees or visit property without prior appointment

Location Survey 20835

Equipment list 20835 Nanticoke Rd Tyaskin

FEMA MAp 20835 Nanticoke Rd Bivalve MD 2

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Convenience Store

Building Size

2,880 SF

Year Built/Renovated

1952/2022

Price

£233,953

Price Per SF

£81

Net Initial Yield

10.50%

NOI

£24,565

Tenancy

Single

Number of Floors

Building FAR

0.12

Lot Size

0.54 AC

Zoning

VC - Village Conservation. The zoning designation allows for many different uses that would be typically found in a small unincorporated town/village.

Parking

14 Spaces

Frontage

127 ft on Nanticoke Road

Amenities

Freeway Visibility

Signage

Storage Space

About 20833 Nanticoke Rd , Bivalve, MD 21814

Take a little step into the past when you enter this quaint General Store, just off of the beaten path near the County Owned Cedar Hill Marina/Park, the Nanticoke River, and downtown Bivalve! Order a sandwich then sit and chat with the locals. While you are at it you can stock up on a few grocery items, buy your beverages, ice and more. This thriving business could be your ticket to slow down from the world of work but still keep yourself active and engaged. Located approx 19 miles from Rt 50 in Salisbury, but basically in the middle of what the region offers in regards to outdoor activities, from the Rivers, Bays, Ocean, Beaches, Fishing, Hunting and more!