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    610 Beam Street

    SALISBURY, MD 21801
    • $1,495,000
    • STATUS: Active
    • ON SITE: 163 days
    • ID#: MDWC108568
    UPDATED: 27 min ago
    $1,495,000
    • 0
      BEDS
    • 4.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Desirable investor property offers attractive CAP rate. Current tenant of 20+ years have recently renewed 4 and 5 year leases with gross income of $123,263. Building is 100% leased with tenant 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.

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    ©2020 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: 2020-11-30T07:49:58.52.
    www.remaxcoastandcountryeasternshore.com/homes/107037210
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    610 Beam Street SALISBURY, MD 21801

    • Price: $1,495,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: MDWC108568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.34
    Acres
    1986
    Built
    Neighborhood:
    None Available
    County:
    Wicomico
    Area:
    Wicomico Northwest (23-01)
    School District:
    Wicomico County Public Schools
    Property Description
    Desirable investor property offers attractive CAP rate. Current tenant of 20+ years have recently renewed 4 and 5 year leases with gross income of $123,263. Building is 100% leased with tenant 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.
    Exterior Features

    Construction Materials Concrete Garage YN No Lot Features Cleared Parking Types Parking Lot Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 22729.00 Building Features Sprinkler System Cooling Central A/C Flooring Other Heating Other Heating YN Yes Net Square Feet 22729.00

    Property Features

    Acceptable Financing Exchange Accessibility Features Other Assessment Year 2020 Association YN No Business Type WarehouseManufacturing Central Air YN Yes Cooling Fuel Electric Foundation Details Slab Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Salisbury Lease In Effect Yes Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304174567143 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 26475.00 Tax Assessment Amount 1308200.00 Tax Lot Par 2 Tenant Pays Utilities - All Vacation Rental YN No Water Source Public Zoning Ip

    Listing courtesy of Era Martin Associates.


    ©2020 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: 2020-11-30T07:49:58.52.
     
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