Salisbury, MD 21801,2324 N ZION DR
Salisbury, MD 21801,2324 N ZION DR
Salisbury, MD 21801,2324 N ZION DR
Listed by Henry Hanna • SVN/Miller Commercial Real Estate
Bought with G Steven Montague • Capital Commercial Realty
$4,550,000
Est. payment /mo
$5,300,000
14.2%
Est.Price: ?

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2.61 Acres Lot
SOLD DATE : 10/22/2021

Key Details

Sold Price $4,550,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID MDWC112350

Sold Date 10/22/21

HOA Y/N N

Year Built 2019

Annual Tax Amount $64,749

Tax Year 2021

Lot Size 2.610 Acres

Acres 2.61

Lot Dimensions 0.00 x 0.00

Property Sub-Type Office

Source BRIGHT

Property Description

100% net leased investment property - Northwood Professional Center. Build in 2019 offering high quality construction and professional landscaping. Consists of 3 buildings totaling 25,207 sq.ft. on 2.61 acres of land. The property contains a total of 16 units. Building B offers 12' bay doors and Building C units offer 10' bay doors. First class finished office spaces with drywall, acoustical tile ceilings and ceramic tile and LVT flooring. All units are currently under new 5 years leases. Very attractive complex located just minutes from US Route 13 & US Route 50 bypass near shopping, restaurants and services. Property is situated in the Northwood Industrial Park which has access to all municipal services and is home to over 40 manufacturers. Located in an Enterprise Zone offering a 10 year local property tax credit to the owner. The amount of the tax credit is 80% for each of the first five years starting July 2020. In years 6-10 the credit decreases 10% annually.

Location

State MD

County Wicomico

Area Wicomico Northwest (23-01)

Zoning LI

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Flooring Concrete, Partially Carpeted, Ceramic Tile, Other

Heat Source Electric

Exterior

Garage Spaces 90.0

Utilities Available Sewer Available, Water Available

Water Access N

Roof Type Asphalt

Street Surface Paved,Black Top

Accessibility Level Entry - Main

Road Frontage City/County

Total Parking Spaces 90

Garage N

Building

Lot Description Corner, Cul-de-sac, Landscaping

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 09-074694

Ownership Fee Simple

Special Listing Condition Standard

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