Pocomoke Crossing Shopping Center

Highlights:

• Value-Add Shopping Center.
• Prime Visibility Along Route 13 (Ocean Hwy).
• Below Market Rents.
• 50 new homes proposed within 1.5 miles.
• National and Local Tenants.

Description:

Pocomoke Crossing is a 10.24 AC 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 59,816 SF. 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 19,967 SF of vacant space inline, along with a former Rite Aid outparcel containing approximately 11,219 SF.
There is approximately 1.3 AC 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.

Pocomoke City, Maryland is known as “The Friendliest Town on the Eastern Shore”. The city sits along the Route 13 corridor, a major highway carrying 18,000 to 20,000 vehicles through town each day, including commuters, commercial trucks, and beach-bound travelers. Pocomoke City is approximately 37 miles to Ocean City, MD and 26 miles to Salisbury.

Due in part to its reputation for top public schools, the city is in growth mode with new residential projects in downtown as well as on the town’s outskirts.

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