Listed By:
Keller Williams Realty
Address
116 W Main Street, Salisbury, MD
Price
$ 2,650,000
Property Attributes
  • MLS#MDWC2000308
  • TypeCommercial
  • CountyWICOMICO
  • CitySalisbury
  • AreaWicomico Northeast
  • Zip21801
  • StyleMedical,Professional
  • Year Built1900
  • Taxes$ 44909
  • Price$ 2,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage30000
  • Lot Size10,019 SqFt
Data Source:
Bright MLS
Property Description

Income producing property in the heart of Downtown Salisbury. Prime location with 23 units at 100% occupancy in an opportunity zone. Home to many tenured tenants and both state & federal leases. Recent upgrades include; New painted exterior faade, windows, & overhang. Complete makeover of the main foyer with new paint, flooring, stairs, and exposed granite/brick feature wall. Multiple brand new HVAC systems. New epoxy concrete floor in first floor Barbershop unit. Class A 15 wide common corridor via easement with the city for walkthrough access to both plaza building and Camden Street parking lot. Income/Expense Sheet and Leases are available with a signed NDA.

Price History
7/7/2021 Listed $3,250,000
10/20/2022 5% - $3,100,000
12/20/2022 10% - $2,800,000
12/28/2023 6% - $2,650,000

General Features

Sewer Public Sewer
Heating Central,Forced Air,Heat Pump - Gas BackUp
Cooling Central A/C,Heat Pump(s)
Utilities Cable TV,Multiple Phone Lines
Possession Settlement
Roof Flat,Other
Zoning CBD
Security Features Fire Detection System,Smoke Detector,Sprinkler System - Indoor
Construction Materials Stucco,Brick,Mixed
Year Built 1900
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Medical,Professional
Accessibility 2+ Access Exits,32 + wide Doors,48 + Halls,Elevator,Level Entry - Main,Low Pile Carpeting
County WICOMICO
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions Rt 50 bypass to N Division Street. Right into Camden Street Parking lot
ModificationTimestamp 2024-01-11T12:13:17
City SALISBURY
Buyer Agent Compensation 2.5
Disclosures Historic Property,Encumbrances,Owner RE Licensee
Total Units 23
MLS Area Wicomico Northeast (23-02)
Lot Size Square Feet 9944.00
Tax Assessed Value 2211500.0
Waterfront Y/N No
Street Name MAIN
Tax Annual Amount 44909.0
Property Condition Very Good
Price Per Sq Ft 88.33
Vacation Rental Y/N No
Days on Market 1016
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Electric,Natural Gas
Flooring Hardwood,Ceramic Tile,Carpet,Laminated
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Parking Features Attendant,Public,Unassigned,Lighted Parking
Water Source Public
Type of Parking Public Garage,Parking Lot
Water View Y/N No
Building Area Total 30000.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.23
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21801

Price
AVG $170K
$2.65M
Taxes
AVG $6,328
$44,909
Visits
AVG 207
745
Data Provided by Inside Real Estate®
Year Built
AVG 1972
1900
Walkscore
AVG 51
66
Data Provided by Walkscore® not using MLS data

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