Bought with Chris Peek • SVN/Miller Commercial Real Estate
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Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWC2010706
Sold Date 12/06/23
Year Built 1967
Annual Tax Amount $12,021
Tax Year 2022
Lot Size 1.920 Acres
Acres 1.92
Property Sub-Type Industrial
Source BRIGHT
Property Description
Recently renovated 15,000 sf flex building with fenced yard. The roof is 4 years old with an extended warranty. 5 tenant spaces ranging rom 1930 - 5166 SF. There is currently one end cap vacancy (3,500 SF office and 1,666 SF warehouse with drive in) asking $7 PSF NNN. There are two loading docks on a common corridor. Fenced yard with automatic gate and ample on site parking. Extra lot available to expand or equipment storage or display or additional parking. The property is located in the Opportunity Zone - tax credits may be available! Projected CAP rate is 7.9% assuming vacancy is filled at $7.00 PSF. All leases are NNN.
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning GC
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 35.0
Water Access N
Accessibility None
Total Parking Spaces 35
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2309041559
Ownership Fee Simple
Special Listing Condition Standard
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