111 Olive St,SALISBURY, MD 21801
SALISBURY, MD 21801
Description
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.
Details
| MLS# | MDWC2015054 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1968 |
| Days On Site | 235 |
| Listing Provided By | Rinnier Development Co | Matthew Trader |
Features
| Zoning | COMMERCIAL |
|---|---|
| Acreage | 1.04 |
| Water Front | Yes |
Market Activity 21801
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SALISBURY |
| Zip Code | 21801 |
| Area | Wicomico Northeast (23 02) |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21801) | |
Price: $1,090,000 low | high Med: $309,900 On site: 235 low | high Med: 33.000000 | |