Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1993
Sq.Footage
N/A
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. .
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Zoned, Electric
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Heat Pump
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Lighted, Paved, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
6.28
-
Property Type
Commercial Sale
-
Property Sub Type
Industrial
Price
-
Sales Price
$5,200,000
-
Tax Amount
32902.0
-
Zoning
Industrial Park
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
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Location
County
WICOMICO
Elementary School
Middle School
High School
Listing Courtesy of Florence Brotzman , SVN/Miller Commercial Real Estate
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Broker | Owner
ChristyIssler
Call Christy today to schedule a private showing.
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