bedrooms |
full baths
1.04 ACRES
Year Built: 1968
ACTIVE
Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can’t construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. Property is currently producing $54,600 (approx.) in income. The income is generated by 3 tenants who occupy approximately 14,000 of the building. The current owners occupy the remaining 25,000 SF. The current owners have said they would consider a lease back, in the event that an investor purchased the building. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.
Property Details
MLS #
MDWC2000618
Property Type
Commercial Sale
Listing Status
ACTIVE
Listing Price
$1,090,000
Year Built
1968
Lot Acreage
NA
Subdivision
City
SALISBURY
County
WICOMICO
Water Source
Public
Sewer
Public Sewer
Zoning
GC
Exterior Details
Home Type
Parking
Parking Lot
Interior Details
Interior Space
sq ft
Heating
Other - Other
Cooling
Other - Central A/C
Hot Water
Other
Accessibility Features
Other
Financial Details
County Tax
$5,886.00
Special Tax Assessment
$0
Tax Year
2022
Total Assessment
$294,000
Total Taxes
$5,886
Listing Courtesy of
Listing Office
Rinnier Development Co
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Listings provided by Bright MLS from various brokers who participate in IDX (Internet Data Exchange). Information deemed reliable but not guaranteed.

Joan Stansfield, RealtorĀ®
Stansfield Signature LLC
Samson Properties
8521 Leesburg Pike, Ste 300
Tysons Corner 22182
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