$1,090,000

111 Olive St, Salisbury, MD, 21801

39,084

Square feet

1.04

Acres

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. 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.

Facts & Features

MLS® # MDWC2000618
Price $1,090,000
Bathrooms 0.00
Square Footage 39,084
Acres 1.04
Year Built 1968
Type Commercial Sale
Sub-Type Industrial
Status Active

Community Information

Address 111 Olive St
Area Wicomico Northeast (23-02)
City Salisbury
County WICOMICO-MD
State MD
Municipality Salisbury
Zip Code 21801
Senior Community No

Amenities

Is Waterfront No

Interior

Heating Other
Cooling Central A/C
Has Basement No
Fireplace No

Exterior

Exterior Block

School Information

District WICOMICO COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed July 19th, 2021
Days on Market 978
Zoning GC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRinnier Development Co
Contact Info(410) 742-8151

Listing Map

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