$1,150,000
$1,495,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
610 BEAM ST Salisbury, MD 21801
22,729 SqFt
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 22,729 sqft
Price per Sqft $50
Subdivision None Available
MLS Listing ID MDWC108568
Sold Date 07/15/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1986
Annual Tax Amount $26,475
Tax Year 2020
Lot Size 4.342 Acres
Acres 4.34
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Property Description
610 Beam Street offers 22,700+ square feet of "clean" well cared for and maintained office, manufacturing & assembly space, with potential for expansion on this 4.34 acre parcel in Salisbury's Northwood Industrial Park. Invest in this fully occupied property with tenants that have been in place for 20+ years or plan for your future use if you would like to add space or occupy via our tenant relocation services. This desirable investor property offers an attractive CAP rate. Current tenants of 20+ years have renewed in 2019 with 4 and 5 year leases with gross income of $123,263. Building is 100% leased with tenants paying NNN expenses. Low maintenance building has had many recent improvements and updates. Site offers 4.34 acres with room for building expansion, additional parking or yard storage & rail access possibilities.
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning IP
Interior
Hot Water Electric
Heating Other
Cooling Central A/C
Flooring Other
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Utilities Available Natural Gas Available, Under Ground
Water Access N
Roof Type Metal
Accessibility Other
Total Parking Spaces 20
Garage N
Building
Lot Description Cleared
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 09-058605
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Exchange
Listing Terms Exchange
Financing Exchange
Special Listing Condition Standard
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Bought with Henry Hanna • SVN/Miller Commercial Real Estate
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