111 Olive St, Salisbury, MD 21801

$1,090,000

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List Price
$1,090,000
Days on Market
263
Status
ACTIVE
MLS#
MDWC2020668
Lot Size (Acres)
1.04
Year Built
1968
County
Wicomico
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’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. 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.

Additional Information

Area
Wicomico Northeast (23-02)
School District
Wicomico County Public Schools
Heating
Other
Heating Fuel
Other
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Rinnier Development Co. Contact: (410) 742-8151