$370,000
$380,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
820 E MAIN ST Salisbury, MD 21801
3,750 SqFt
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $98
MLS Listing ID MDWC2015338
Sold Date 02/28/25
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 Sub-Type Office
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
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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Bought with Nicholas Joseph DeLoriers • SVN/Miller Commercial Real Estate
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