700 MARVEL RD Active Save Request In-Person Tour Request Virtual Tour
Salisbury,MD 21801
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWC2018690
Year Built 1993
Annual Tax Amount $32,902
Tax Year 2024
Lot Size 6.280 Acres
Acres 6.28
Lot Dimensions 0.00 x 0.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
7.49% Cap Rate - Introducing a prime industrial investment opportunity at 700 Marvel Road, Salisbury, MD. Two quality tenants with new 5 year leases in place. Current income $389,594 and tenants reimburses for taxes, insurance and CAM. Over $1,500,000 in recent renovations. This expansive, well maintained, 39,600 SF property is ideally suited for warehouse/distribution use. Zoned for Industrial Park, it boasts easy accessibility, with convenient connections to US Route 50 bypass and US Route 13, and ample parking with straightforward dock/drive-in door access. .
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning IP
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Zoned
Flooring Concrete
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 80.0
Utilities Available Electric Available,Propane
Water Access N
Street Surface Black Top
Accessibility Level Entry - Main
Road Frontage City/County
Total Parking Spaces 80
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2309065202
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System,Smoke Detector,Sprinkler System - Indoor
Special Listing Condition Standard