Properties
111 OLIVE ST
SALISBURY, MD 21801
1090000 SALISBURY, MD 21801
MLS Number: MDWC2000618
SqFt: 39084
Description
Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you cant 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. General Details
Living Area: 39084 Lot Area: 45302.40
Property Type: Industrial
County: WICOMICO
Year Built: 1968
Sewer: Public Sewer
Acres: 1.04
Community Information
Zoning: GC Exterior Features
Garage(s): N Waterfront: N
Waterview: N
Interior Features
Heating: Other Cooling: Y
Water: Public
Lot Information
SqFt: 45302.40 Dimensions: 0.00 x 0.00
School Information
School District: WICOMICO COUNTY PUBLIC SCHOOLS Fees & Taxes
City Taxes: 2890 County Taxes: 2667
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