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    2324 N Zion Drive

    SALISBURY, MD 21801
    • $5,300,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: MDWC112350
    UPDATED: 19 min ago
    $5,300,000
    • 0
      BEDS
    • 2.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2019
    County:

    School Ratings & Info

    Description

    100% net leased investment property - Northwood Professional Center. Build in 2019 offering high quality construction and professional landscaping. Consists of 3 buildings totaling 25,207 sq.ft. on 2.61 acres of land. The property contains a total of 16 units. Building B offers 12' bay doors and Building C units offer 10' bay doors. First class finished office spaces with drywall, acoustical tile ceilings and ceramic tile and LVT flooring. All units are currently under new 5 years leases. Very attractive complex located just minutes from US Route 13 & US Route 50 bypass near shopping, restaurants and services. Property is situated in the Northwood Industrial Park which has access to all municipal services and is home to over 40 manufacturers. Located in an Enterprise Zone offering a 10 year local property tax credit to the owner. The amount of the tax credit is 80% for each of the first five years starting July 2020. In years 6-10 the credit decreases 10% annually.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-17T18:52:28.067.
    www.remaxcoastandcountryeasternshore.com/homes/115774051
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    2324 N Zion Drive SALISBURY, MD 21801

    • Price: $5,300,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: MDWC112350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.61
    Acres
    2019
    Built
    Neighborhood:
    Wicomico Northwest (23-01)
    County:
    Wicomico
    Area:
    Wicomico Northwest (23-01)
    School District:
    Wicomico County Public Schools
    Property Description
    100% net leased investment property - Northwood Professional Center. Build in 2019 offering high quality construction and professional landscaping. Consists of 3 buildings totaling 25,207 sq.ft. on 2.61 acres of land. The property contains a total of 16 units. Building B offers 12' bay doors and Building C units offer 10' bay doors. First class finished office spaces with drywall, acoustical tile ceilings and ceramic tile and LVT flooring. All units are currently under new 5 years leases. Very attractive complex located just minutes from US Route 13 & US Route 50 bypass near shopping, restaurants and services. Property is situated in the Northwood Industrial Park which has access to all municipal services and is home to over 40 manufacturers. Located in an Enterprise Zone offering a 10 year local property tax credit to the owner. The amount of the tax credit is 80% for each of the first five years starting July 2020. In years 6-10 the credit decreases 10% annually.
    Exterior Features

    Construction Materials Hardiplank TypeMasonry Garage YN No Location Type Industrial Park Lot Features CornerCul-De-SacLandscaping Parking Features Paved ParkingLighted ParkingHandicap Parking Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Road Responsibility City/County Road Surface Type PavedBlack Top Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 25150.00 Cooling Central A/C Flooring ConcretePartially CarpetedCeramic TileOther Heating Heat Pump(S) Heating YN Yes Net Square Feet 25156.00

    Property Features

    Accessibility Features Level Entry - Main Annual Gross Expense 50704.00 Assessment Year 2020 Association YN No Business Type Day Care FacilityFlexMedicalOther Central Air YN Yes Cooling Fuel Electric Electric Expense 3027.00 Foundation Details Slab Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Salisbury Insurance Expense 8160.00 Lease Considered YN No Maintenance Expense 9830.00 Navigable Water YN N Net Operating Income 351056.00 New Construction YN No Number Of Units Total 16 Operating Expense 50704.00 Operating Expense Includes LandscapingTrashElectricRepair/MaintenanceOther Original MLSNumber 304544323602 Other Expense 8000.00 Owner Pays Accounting/LegalManagementTaxes - Real EstateTrash CollectionInsurance Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 63464.00 Tax Assessment Amount 3135900.00 Tax Lot 12A Total Actual Rent 383760.00 Trash Expense 4443.00 Utilities Sewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning Li Zoning Description Light Industrial

    Listing courtesy of Svn/Miller Commercial Real Estate.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-17T18:52:28.067.
     
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