1607 Northwood Drive

    SALISBURY, MD 21801
    • $1,250,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: MDWC106676
    UPDATED: 53 min ago
    $1,250,000
    • 0
      BEDS
    • 1.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1967
    County:

    School Ratings & Info

    Description

    INVESTMENT OPPORTUNITY - Totally renovated 15,000 sq ft multi tenant flex building located a block off Route 13 in the Northwood Industrial Park. Two shared loading docks and fenced in yard at the rear of the building for outdoor storage or additional parking. Brand new roof on entire building (15 year warranty). Building just underwent extensive renovations. Adjacent lot sold with the building for an additional .68 acres (total of 1.93 acres). Four loyal tenants with one 2,500 SF vacancy. All leases are NNN. Rent roll available under photos section. Property generates steady income with upside. 8% Cap Rate on projected 2020 income after allowing for 7.5% management/reserves.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-02-23T06:52:35.65.
    www.atlanticshoresoc.com/homes/102467788

    1607 Northwood Drive SALISBURY, MD 21801

    • Price: $1,250,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: MDWC106676
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.25
    Acres
    1967
    Built
    Neighborhood:
    Wicomico Northwest (23-01)
    County:
    Wicomico
    Area:
    Wicomico Northwest (23-01)
    School District:
    Wicomico County Public Schools
    Property Description
    INVESTMENT OPPORTUNITY - Totally renovated 15,000 sq ft multi tenant flex building located a block off Route 13 in the Northwood Industrial Park. Two shared loading docks and fenced in yard at the rear of the building for outdoor storage or additional parking. Brand new roof on entire building (15 year warranty). Building just underwent extensive renovations. Adjacent lot sold with the building for an additional .68 acres (total of 1.93 acres). Four loyal tenants with one 2,500 SF vacancy. All leases are NNN. Rent roll available under photos section. Property generates steady income with upside. 8% Cap Rate on projected 2020 income after allowing for 7.5% management/reserves.
    Exterior Features

    Construction Materials BlockMixedBrick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 15000.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 15000.00

    Property Features

    Accessibility Features No Stairs Assessment Year 2020 Association YN No Business Type FlexInstitutionalManufacturingOther/General RetailProfessionalStorageWarehouseOther Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Salisbury Navigable Water YN N New Construction YN No Original MLSNumber 304000431561 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 12183.00 Tax Assessment Amount 599900.00 Tax Lot 22 27 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning General Commercial

    Listing courtesy of Svn/Miller Commercial Real Estate.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-02-23T06:52:35.65.
     
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