111 OLIVE STREET, SALISBURY, MD 21801
WICOMICO County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Year Built
1968
Living Area
33,416 sq ft
Lot Size
1.04 acres
Lot Dimensions
0.00 x 0.00
Zoning
COMMERCIAL INDUSTRIAL
Days on Market
1
MLS® Listing#
MDWC2020668
Property Features
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- District:
- WICOMICO COUNTY PUBLIC SCHOOLS
Financial Details
Parcel Number
0
Directions
Located on Olive Street in Salisbury, MD.
Affordability Calculator
$218,000
Estimated monthly payment
$5,801/mo
Principal $872,000 · Est. interest $1,216,518 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SALISBURY, MD
- $312,319
- Median Listing Price
- 65
- Median Days on Market
- 1,538
- Median Sq Ft
- $178
- Median Price / Sq Ft
- 215
- Active Listings
- This home’s price is 249% above the area median.
- Its price per sq ft is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SALISBURY, MD.
Location
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Points of Interest in SALISBURY, MD
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3824 COULBOURN MILL ROAD, SALISBURY, MD | $764,999 | 4 | 4 | 4,750 |
| 0 TILGHMAN ROAD, SALISBURY, MD | $790,000 | — | — | — |
| 241 BEAGLIN PARK DRIVE, SALISBURY, MD | $800,000 | — | — | — |
| 507 CAMDEN AVENUE, SALISBURY, MD | $870,000 | — | 9 | 8,228 |
| 5427 ROYAL MILE BOULEVARD, SALISBURY, MD | $899,000 | 4 | 5 | 4,053 |
| LOT C2 INTERNATIONAL DRIVE, SALISBURY, MD | $927,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in SALISBURY
Listing Courtesy: Rinnier Development Co - 4107428151