Salisbury, MD 21801 111 Olive Street

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Presented By: Rinnier Development Co
  • MLS# MDWC2015054
  • 09/05/2024
  • Request Tour
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  • SQFT • 39,084

Home Details

Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you cant construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. Property is currently producing $54,600 (approx.) in income. The income is generated by 3 tenants who occupy approximately 14,000 of the building. The current owners occupy the remaining 25,000 SF. The current owners have said they would consider a lease back, in the event that an investor purchased the building. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.
Presented By: Rinnier Development Co

Interior Features for 111 Olive Street

Other Interior Features

Central Air Y/NYes
Heating FuelOther
Heating Y/NYes
Hot WaterOther

General for 111 Olive Street

AccessibilityOther
Business TypeWarehouse
CitySALISBURY
Construction MaterialsBlock
Cool FuelOther
CoolingCentral A/C
CountyWICOMICO
DirectionsLocated on Olive Street in Salisbury, MD.
HeatingOther
Lot Size Square Feet45302.40
Lot Size UnitsSquare Feet
MLS AreaWicomico Northeast (23-02)
ModificationTimestamp2025-01-08T01:30:59
MunicipalitySalisbury
New ConstructionNo
Number Of Units Total
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG36.35
Property SubtypeIndustrial
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount6911.0
Tax Assessed Value346933.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1968
Year Built SourceAssessor
ZoningCOMMERCIAL

Exterior for 111 Olive Street

Building Area Total29984.00
Car Parking Spaces9
Lot Dimensions0.00 x 0.00
Lot Size Acres1.04
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks5
Total Parking Spaces9
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,090,000
MLS#MDWC2015054
List Date 09/05/2024
Property Type Commercial
Phone 703.929.4729
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