Salisbury, MD 21801 700 Marvel Road
$5,200,000
4 more
Presented By: SVN/Miller Commercial Real Estate
SQFT • 39,600
SQFT • 39,600Home Details
7.49% Cap Rate - Introducing a prime industrial investment opportunity at 700 Marvel Road, Salisbury, MD. Two quality tenants with new 5 year leases in place. Current income $389,594 and tenants reimburses for taxes, insurance and CAM. Over $1,500,000 in recent renovations. This expansive, well maintained, 39,600 SF property is ideally suited for warehouse/distribution use. Zoned for Industrial Park, it boasts easy accessibility, with convenient connections to US Route 50 bypass and US Route 13, and ample parking with straightforward dock/drive-in door access. .
Presented By: SVN/Miller Commercial Real Estate
Interior Features for 700 Marvel Road
Other Interior Features
Clear Span Ceiling Height18' to 24'
Central Air Y/NNo
FlooringConcrete
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric
General for 700 Marvel Road
AccessibilityLevel Entry - Main
Business TypeManufacturing, Warehouse
Cap Rate7.49
CitySALISBURY
Construction MaterialsBlock
Cool FuelElectric
CoolingZoned
CountyWICOMICO
DirectionsCorner of Marvel Road and Industrial Parkway in the Northwood Industrial Park
DisclosuresUnder Lease
Electric3 Phases
Gross Income477866.00
HeatingHeat Pump(s)
Lot Size Square Feet273557.00
Lot Size UnitsSquare Feet
MLS AreaWicomico Northwest (23-01)
ModificationTimestamp2025-06-27T17:52:15
MunicipalitySalisbury
New ConstructionNo
Number Of Units Total1
OwnershipFee Simple
PossessionSettlement, Subject to Existing Lease
Price Per Sq Ft Total AG131.31
Property ConditionGood, Very Good
Property SubtypeIndustrial
Property TypeCommercial Sale
Property UseInvestment
Security FeaturesSecurity System, Smoke Detector, Sprinkler System - Indoor
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount32902.0
Tax Assessed Value1651700.0
Tax LotPAR2
Tax Year2024
UtilitiesElectric Available, Propane
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1993
Year Built SourceAssessor
ZoningIP
Exterior for 700 Marvel Road
Building Area Total39600.00
Car Parking Spaces75
Fencing Y/NY
Foundation DetailsSlab
Land Assessed Value0.00
Land Use CodeI
Lot Dimensions0.00 x 0.00
Lot Size Acres6.28
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Lighted Parking
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Total Loading Docks3
Total Parking Spaces80
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
