$1,100,000
This land has a day job. While you consider its future potential, boats are already being stored behind an RFID-access gate in Ocean View. An opportunity to put the property to work while you figure out its next chapter? I like that arrangement! Buying land usually comes with a loaded question about what you “might” be able to do with it someday. At 30380 W Cedar Neck Road, offered at $1.1 million, there’s already something happening, with just over three acres and GR zoning giving you reasons to look beyond the boats. Admittedly, a storage lot may not deliver the same first impression as a beach house with a beautiful kitchen. But if you’re looking at this with an investor’s eye, you probably brought a calculator instead of a paint sample. The property currently supports the owner’s boat dealership across the street, so storage income hasn’t been separately tracked as a standalone business. The opportunity is to evaluate what a dedicated operation could produce: projected gross storage revenue exceeding $7,000 per month, based on the available spaces being rented at assumed market rates. That’s a projection before expenses, subject to occupancy, rate verification, and buyer due diligence, rather than a statement of current earnings. The gated RFID-access setup is already here. The next owner can examine the pricing, utilization, and operating plan. And the location gives that exercise some context. Cedar Neck Road places you among Ocean View’s coastal neighborhoods, with Bethany Beach, Fenwick Island, and Selbyville all nearby, and the James Farm Ecological Preserve along the same road, where trails and a sandy shoreline meet Indian River Bay. Boats are already part of the neighborhood conversation, opening access for RV and camper storage will easily expand your customer base. Having somewhere to keep these valuables is in demand. Then there’s the long-term potential of this land. The property’s GR, General Residential, zoning makes potential residential development worth investigating alongside continued storage use and a longer-term land hold. Any subdivision or change in use remains subject to applicable standards and approvals; the buyer is responsible for confirming zoning, permitted uses, storage-use authorization, development capacity, utilities, and site conditions. For someone evaluating replacement property for a potential 1031 exchange, this parcel may also warrant a closer look with their tax and exchange advisors. What interests me here is the ability to evaluate more than one plan for the same piece of coastal land. Study the storage opportunity. Explore the residential possibilities. Give your longer-term plans some breathing room. The boats don’t need to know what you’re thinking.
30380 Cedar Neck Rd, Ocean View
Listing courtesy of Keller Williams Realty Delmarva. Contact: 4105246400
