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511 Linden Ave 59,816 SF 48% Leased Retail Building Pocomoke City, MD 21851 $5,433,601 CAD ($90.84 CAD/SF)
INVESTMENT HIGHLIGHTS
- Value-Add with Below Market Rents.
- Prime Visibility on U.S. Route 13 on Maryland’s Eastern Shore.
- Recent Capital Improvements (roof, parking lot, HVAC, vacant tenant spaces).
- Short-Term Leases with Upcoming Rent Bumps in 2026 and 2027.
- 47% of inline GLA is Leased to National Tenants (Dollar General, Advance Auto Parts, Rent-A-Center) with 13-28 Year Operating History.
- 1.3ac Pad-Ready Site and Outparcels Ripe for Redevelopment.
EXECUTIVE SUMMARY
Pocomoke Crossing is a 10.24ac neighborhood shopping center in the heart of the city’s retail corridor along Route 13 in Pocomoke City, MD. It is located on Maryland’s Eastern Shore, at the gateway corner leading to Salisbury (35 minutes north) and Ocean City (45 minutes northeast).
The entire center contains approximately 59,816SF. Of that, approximately 48% is leased to national and local tenants including Advance Auto Parts, Dollar General and Rent-A-Center, all three of whom have been in the shopping center for more than 20 years. There is approximately 19,967SF of vacant space inline, along with a former Rite Aid outparcel containing approximately 11,219SF.
There is approximately 1.3ac of vacant land on the far north end of the parcel that is ready for development. That portion of the center once housed a Roses department store.
The property is well positioned for a buyer looking for value-add opportunities. The Pocomoke City Economic Development Director tells SLN Capital Markets that the area is growing with new residential housing starts in the downtown area as well as near the city’s high school.
The entire center contains approximately 59,816SF. Of that, approximately 48% is leased to national and local tenants including Advance Auto Parts, Dollar General and Rent-A-Center, all three of whom have been in the shopping center for more than 20 years. There is approximately 19,967SF of vacant space inline, along with a former Rite Aid outparcel containing approximately 11,219SF.
There is approximately 1.3ac of vacant land on the far north end of the parcel that is ready for development. That portion of the center once housed a Roses department store.
The property is well positioned for a buyer looking for value-add opportunities. The Pocomoke City Economic Development Director tells SLN Capital Markets that the area is growing with new residential housing starts in the downtown area as well as near the city’s high school.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
59,816 SF
Building Class
B
Year Built/Renovated
1973/2025
Price
$5,433,601 CAD
Price Per SF
$90.84 CAD
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
10.24 AC
Zoning
B2
Parking
527 Spaces (8.81 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 509A
- 7,765 SF
- Office/Retail
- -
- 30 Days
- 509B
- 3,865 SF
- Office/Retail
- -
- 30 Days
- 515
- 1,942 SF
- Office/Retail
- -
- 30 Days
- 519
- 1,600 SF
- Office/Retail
- -
- 30 Days
- 523
- 1,541 SF
- Office/Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 509A | 7,765 SF | Office/Retail | - | 30 Days |
| 509B | 3,865 SF | Office/Retail | - | 30 Days |
| 515 | 1,942 SF | Office/Retail | - | 30 Days |
| 519 | 1,600 SF | Office/Retail | - | 30 Days |
| 523 | 1,541 SF | Office/Retail | - | 30 Days |
509A
| Size |
| 7,765 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
509B
| Size |
| 3,865 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
515
| Size |
| 1,942 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
519
| Size |
| 1,600 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
523
| Size |
| 1,541 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-030787 | Improvements Assessment | $1,371,967 CAD |
| Land Assessment | $918,868 CAD | Total Assessment | $2,290,834 CAD |
PROPERTY TAXES
Parcel Number
01-030787
Land Assessment
$918,868 CAD
Improvements Assessment
$1,371,967 CAD
Total Assessment
$2,290,834 CAD
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