$380,000
820 E Main St, Salisbury, MD, 21801
3,744
Square feet
0.22
Acres
820 E Main currently an income property that an investor can take advantage of upside by leasing the remaining 1250 sf suite and increasing income or for a business owner to occupy the vacant space in suite 3 while collecting income from tenants. The building was once occupied by one tenant until 2020 when the building was renovated and split into 3 suites in 2020. The building is well maintained and easily self managed. Current lease is NN with tenant paying taxes and CAM while owner is responsible for property insurance. 66% Occupancy, current NOI: $23,394. Pro-forma NOI: $37,746.
Listing Details
| Office | SVN |Miller Commercial Real Estate |
|---|---|
| Contact Info | 410-543-2440 |
Facts & Features
| MLS® # | MDWC2015338 |
|---|---|
| Price | $380,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,744 |
| Acres | 0.22 |
| Year Built | 1973 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 820 E Main St |
|---|---|
| Area | Wicomico Southeast (23-04) |
| City | Salisbury |
| County | WICOMICO-MD |
| State | MD |
| Municipality | Salisbury |
| Zip Code | 21801 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Block |
|---|---|
| Roof | Shingle |
School Information
| District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | September 30th, 2024 |
|---|---|
| Days on Market | 16 |
| Zoning | GENERAL COMMERCIAL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |