820 E MAIN ST, Salisbury, MD 21801 - MLS#MDWC2015338

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Adam Ferst

[email protected] +1(202) 421-5500

$380,000

Est. payment - /mo

3,750 SqFt

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UPDATED:

10/25/2024 12:43 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,750 sqft

Price per Sqft $101

MLS Listing ID MDWC2015338

Originating Board BRIGHT

Year Built 1973

Annual Tax Amount $6,645

Tax Year 2024

Lot Size 9,525 Sqft

Acres 0.22

Lot Dimensions 0.00 x 0.00

Property Description

820 E Main currently an income property that an investor can take advantage of upside by leasing the remaining 1250 sf suite and increasing income or for a business owner to occupy the vacant space in suite 3 while collecting income from tenants. The building was once occupied by one tenant until 2020 when the building was renovated and split into 3 suites in 2020. The building is well maintained and easily self managed. Current lease is NN with tenant paying taxes and CAM while owner is responsible for property insurance. 66% Occupancy, current NOI: $23,394. Pro-forma NOI: $37,746.

Location

State MD

County Wicomico

Area Wicomico Southeast (23-04)

Zoning GENERAL COMMERCIAL

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 21.0

Waterfront N

Water Access N

Roof Type Shingle

Accessibility Other

Total Parking Spaces 21

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2305000521

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Listed by Ryan Finnegan • SVN |Miller Commercial Real Estate

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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