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$ 4,400,000
Est. payment | /mo
9.1 Acres Lot
$ 4,400,000
Est. payment | /mo
9.1 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Lot Size 9.100 Acres
MLS Listing ID MDWC2018130
Short Sale No
Originating MLS BRIGHT
Property Description
Explore an exceptional investment opportunity with this well maintained 40,017 SF, two-story building featuring 21 units. Renovated in 2024, the property boasts a prime location on Maryland's Eastern Shore and is fully occupied with a mix of regional and national tenants. Zoned LBI, this offering includes an additional +/- 3 Acres of unimproved land with extra parking. Listed under the recently appraised value, and with substantial recent updates including HVAC systems and roofs, this property presents a compelling value proposition. With approximately 83.83% of all expenses being passed through as a tenant's expense, the remaining expense would be owner's expense due to the gross leases. This property offers a solid and attractive income-generating opportunity for investors.
- Listed under the recently appraised value!
- 40,017 SF 2 story of unimproved land with additional parking in the rear.
- Approximately 1/2 of the roofs have been redone in the last 18 months and most HVAC systems replaced in the last two years.
- 83.83% of all expenses are passed through as a tenant's expense.
- Listed under the recently appraised value!
- 40,017 SF 2 story of unimproved land with additional parking in the rear.
- Approximately 1/2 of the roofs have been redone in the last 18 months and most HVAC systems replaced in the last two years.
- 83.83% of all expenses are passed through as a tenant's expense.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning LBI
Area Wicomico Southeast (23-04)
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
1-purchase type For Sale
Exterior
Garage Spaces 204
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors, 36\"+ wide Halls
Parking Type Parking Lot
Total Parking Spaces 204
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District Wicomico County Public Schools
Others
Tax Amount $50,987
Tax Year 2025
Tax ID 2305108446
Ownership Fee Simple
Special Sale Standard
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Listed by Andrew Ball • SVN/Miller Commercial Real Estate
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