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820 E Main Street

SALISBURY, MD 21801
  • $380,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • ID#: MDWC2015338
Under Contract
UPDATED: 9 min ago
$380,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1973
County:

School Ratings & Info

Description

820 E Main currently an income property that an investor can take advantage of upside by leasing the remaining 1250 sf suite and increasing income or for a business owner to occupy the vacant space in suite 3 while collecting income from tenants. The building was once occupied by one tenant until 2020 when the building was renovated and split into 3 suites in 2020. The building is well maintained and easily self managed. Current lease is NN with tenant paying taxes and CAM while owner is responsible for property insurance. 66% Occupancy, current NOI: $23,394. Pro-forma NOI: $37,746.

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©2024 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 accurate by the MLS or Pearson Smith Realty. 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: 2024-12-02T17:51:55.023.
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820 E Main Street SALISBURY, MD 21801

  • Price: $380,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 9 min ago
  • ID#: MDWC2015338
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1973
Built
Neighborhood:
Wicomico Southeast (23-04)
County:
Wicomico
Area:
Wicomico Southeast (23-04)
School District:
Wicomico County Public Schools
Property Description
820 E Main currently an income property that an investor can take advantage of upside by leasing the remaining 1250 sf suite and increasing income or for a business owner to occupy the vacant space in suite 3 while collecting income from tenants. The building was once occupied by one tenant until 2020 when the building was renovated and split into 3 suites in 2020. The building is well maintained and easily self managed. Current lease is NN with tenant paying taxes and CAM while owner is responsible for property insurance. 66% Occupancy, current NOI: $23,394. Pro-forma NOI: $37,746.
Exterior Features

Construction Materials Block Garage YN No Location Type Downtown Parking Types Parking Lot Property Condition Good Roof Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3750.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 3744.00

Property Features

Accessibility Features Other Central Air YN No Cooling Fuel Other Elevators 0 Entry Level 1 Heating Fuel Other Historic YN No Hot Water Other Municipality Salisbury Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 803393069924 Ownership Interest Fee Simple Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 6645.00 Tax Lot 0 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning GENERAL COMMERCIAL

Listing courtesy of SVN/Miller Commercial Real Estate: .


©2024 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 accurate by the MLS or Pearson Smith Realty. 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: 2024-12-02T17:51:55.023.
 
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43777 Central Station Drive, Suite 390
Ashburn VA, 20147