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Salisbury,MD 21801
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 39,600 sqft
Price per Sqft $131
MLS Listing ID MDWC2018690
Year Built 1993
Annual Tax Amount $32,902
Tax Year 2024
Lot Size 6.280 Acres
Acres 6.28
Lot Dimensions 0.00 x 0.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
7.49% Cap Rate - Introducing a prime industrial investment opportunity at 700 Marvel Road, Salisbury, MD. Two quality tenants with new 5 year leases in place. Current income $389,594 and tenants reimburses for taxes, insurance and CAM. Over $1,500,000 in recent renovations. This expansive, well maintained, 39,600 SF property is ideally suited for warehouse/distribution use. Zoned for Industrial Park, it boasts easy accessibility, with convenient connections to US Route 50 bypass and US Route 13, and ample parking with straightforward dock/drive-in door access. .
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning IP
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Zoned
Flooring Concrete
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 80.0
Utilities Available Electric Available,Propane
Water Access N
Street Surface Black Top
Accessibility Level Entry - Main
Road Frontage City/County
Total Parking Spaces 80
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2309065202
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System,Smoke Detector,Sprinkler System - Indoor
Special Listing Condition Standard