Description
Income producing property located on Main Street in Salisbury, with easy access to Route 50 and Route 13.
Net Income is approximately $36,000 which equates to a 9% Cap Rate offering. This property is perfect for an investor looking for an income producing opportunity or to satisfy a 1031 Exhcange. Stabilized tenants in place. Century 21 has been a long-term tenant and just signed a lease extension. Adjacent space has been freshly renovated by RX Tattoo who just signed a new lease last year. Owner recently installed brand new HVAC units.
Location
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$394,500
4
3
2,865 Sq ft
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ACTIVE
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PENDING
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MLS# MDWC2008152
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ACTIVE
MLS# MDWC2008064
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$335,000
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1,920 Sq ft
PENDING
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$337,990
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PENDING
MLS# MDWC2007662
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$399,900
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2,016 Sq ft
ACTIVE
MLS# MDWC2008140
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$349,000
3
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CONTRACT
MLS# MDWC2008174
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$329,900
5
3
2,588 Sq ft
Hold
MLS# MDWC2007978
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$362,500
ACTIVE
MLS# MDWC2008232
Courtesy of: SVN/Miller Commercial Real Estate
$289,900
3
2
1,404 Sq ft
CONTRACT
MLS# MDWC2008172
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$364,900
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3
4,026 Sq ft
ACTIVE
MLS# MDWC2008170
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$390,000
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3
2,382 Sq ft
ACTIVE
MLS# MDWC2008096
Courtesy of: Keller Williams Realty Delmarva
$450,000
2
2
900 Sq ft
Hold
MLS# MDWC2007516
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$449,000
ACTIVE
MLS# MDWC2008058
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$449,000
ACTIVE
MLS# MDWC2008034
Courtesy of: Keller Williams Realty Delmarva
$410,000
4
4
3,492 Sq ft
CONTRACT
MLS# MDWC2007714
Courtesy of: Coldwell Banker Realty
$429,900
3
3
2,514 Sq ft
PENDING
MLS# MDWC2007824
Courtesy of: ERA Martin Associates
$379,000
3
3
2,650 Sq ft
CONTRACT
MLS# MDWC2007806
Courtesy of: Coldwell Banker Realty
$375,000
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2,464 Sq ft
ACTIVE
MLS# MDWC2007960
Courtesy of: Long & Foster Real Estate, Inc.
$279,879
5
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1,872 Sq ft
ACTIVE
MLS# MDWC2007956
Courtesy of: Iron Valley Real Estate Ocean City
$374,400
3
3
1,872 Sq ft
PENDING
MLS# MDWC2005756
Courtesy of: Long & Foster Real Estate, Inc.
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Courtesy of: Rinnier Development Co Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th February, 2023 10:18 PM (UTC)
