111 Olive St - Warehouse FOR SALE


Salisbury, MD 21801
$1,090,000 USD
410-603-2826
111 Olive St, Salisbury, MD for Sale
$1,090,000 USD
Warehouse - FOR SALE
1/17
null | Request Cap Rate

111 Olive St
Salisbury, MD 21801


HIGHLIGHTS

  • Rare industrial opportunity.
  • Priced well below replacement.

OVERVIEW

Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can’t construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. Property is currently producing $54,600 (approx.) in income. The income is generated by 3 tenants who occupy approximately 14,000 of the building. The current owners occupy the remaining 25,000 SF. The current owners have said they would consider a lease back, in the event that an investor purchased the building. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66

LAND SF

72,310

ZONING

GC

APN/PARCEL ID

05-007348

ASK ABOUT THIS PROPERTY

Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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Blair RinnierRinnier Development CompanyMore Info
410-603-2826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.