501 Market Street

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.