At Davis Strategic we are committed to building a stronger community by developing the built environment in harmony with our community. We envision a future where development grows with the environment while enhancing the quality of life for our community.
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. .
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Listing Snapshot
Price
$5,200,000
Days On Site
13 Days
Bedrooms
N/A
Inside Area (SqFt)
39,600 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
6.28 Acres
Year Built
1993
MLS® Number
MDWC2018690
Status
Active
Property Tax
$32,902
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 weeks ago
Listing first seen on site
2 weeks ago
Listing updated with changes from the MLS®
General Features
Acres
6.28
Foundation
Slab
Parking
LightedPavedParking Lot
Parking Spaces
75
Property Sub Type
Industrial
Security
Smoke Detector(s)Security System
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
39600
Utilities
PropaneElectricity Available
Water Source
Public
Zoning
IP
Interior Features
Appliances
Electric Water Heater
Cooling
ZonedElectric
Flooring
Concrete
Heating
ElectricNatural GasHeat Pump
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Exterior Features
Construction Details
Block
Fencing
Fenced
Community Features
MLS Area
Wicomico Northwest (23-01)
School District
WICOMICO COUNTY PUBLIC SCHOOLS
Schools
School District
WICOMICO COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of SVN/Miller Commercial Real Estate
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