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111 Olive Street

SALISBURY, MD 21801
  • $1,190,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: MDWC2000618
UPDATED: 53 min ago
$1,190,000
  • 0
    BEDS
  • 1.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can+GGt 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.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rhonda Frick Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T08:50:38.177.
www.rhondafrick.com/homes/119471808
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111 Olive Street SALISBURY, MD 21801

  • Price: $1,190,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 53 min ago
  • ID#: MDWC2000618
0
Beds
0
Baths
0
½ Baths
1.04
Acres
1968
Built
Neighborhood:
Wicomico Northeast (23-02)
County:
Wicomico
Area:
Wicomico Northeast (23-02)
School District:
Wicomico County Public Schools
Property Description
Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can+GGt 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.
Exterior Features

Construction Materials Block Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 29984.00 Cooling Central A/C Heating Other Heating YN Yes Net Square Feet 39084.00

Property Features

Accessibility Features Other Assessment Year 2021 Association YN No Business Type Warehouse Central Air YN Yes Cooling Fuel Other Heating Fuel Other Hot Water Other Municipality Salisbury Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 800871362092 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 5923.00 Tax Assessment Amount 294000.00 Tax Lot 0 Vacation Rental YN No Water Source Public Zoning Gc

Listing courtesy of Rinnier Development Co.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rhonda Frick Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T08:50:38.177.
 
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