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732 E Main Street

SALISBURY, MD 21804
  • $399,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: MDWC2007832
UPDATED: 19 min ago
$399,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

Income producing property located on Main Street in Salisbury, with easy access to Route 50 and Route 13.Net Income is approximately $36,000 which equates to a 9% Cap Rate offering. This property is perfect for an investor looking for an income producing opportunity or to satisfy a 1031 Exhcange. Stabilized tenants in place. Century 21 has been a long-term tenant and just signed a lease extension. Adjacent space has been freshly renovated by RX Tattoo who just signed a new lease last year. Owner recently installed brand new HVAC units.

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©2023 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 Bright Home Group | Keller Williams. 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: 2023-02-06T09:51:17.293.
www.brighthomesdelmarva.com/homes/135267858
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732 E Main Street SALISBURY, MD 21804

  • Price: $399,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 19 min ago
  • ID#: MDWC2007832
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1955
Built
Neighborhood:
Wicomico Northeast (23-02)
County:
Wicomico
Area:
Wicomico Northeast (23-02)
School District:
Wicomico County Public Schools
Property Description
Income producing property located on Main Street in Salisbury, with easy access to Route 50 and Route 13.Net Income is approximately $36,000 which equates to a 9% Cap Rate offering. This property is perfect for an investor looking for an income producing opportunity or to satisfy a 1031 Exhcange. Stabilized tenants in place. Century 21 has been a long-term tenant and just signed a lease extension. Adjacent space has been freshly renovated by RX Tattoo who just signed a new lease last year. Owner recently installed brand new HVAC units.
Exterior Features

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

Interior Features

Building Area Total 3700.00 Cooling Other Heating Hot Water Heating YN Yes Net Square Feet 3700.00

Property Features

Accessibility Features Level Entry - Main Assessment Year 2022 Business Type Other/General Retail Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Municipality Salisbury Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802047285582 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5342.00 Tax Assessment Amount 315000.00 Tax Lot 4 5 Vacation Rental YN No Water Source Public Zoning C

Listing courtesy of Rinnier Development Co: .


©2023 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 Bright Home Group | Keller Williams. 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: 2023-02-06T09:51:17.293.
 
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Bright Home Group | Keller Williams
2300 N Salisbury Blvd
Salisbury MD, 21804