MD > Salisbury
Salisbury, MD 21801,700 MARVEL RD
Salisbury, MD 21801,700 MARVEL RD
Salisbury, MD 21801,700 MARVEL RD
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Listed by Florence Brotzman • SVN/Miller Commercial Real Estate
$5,200,000
Est. payment /mo
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39,600 SqFt
New

700 MARVEL RD Salisbury, MD 21801

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Scott Gullaksen

Scott Gullaksen

Keller Williams Realty West Chester- Scott Gullaksen

+1(610) 453-9898

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 39,600 sqft

Price per Sqft $131

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

Bright MLS (BMLS)

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agent

Scott Gullaksen

Agent | RS 285055

+1(610) 453-9898

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