610 Beam Street

    SALISBURY, MD 21801
    • $1,550,000
    • STATUS: Active
    • ON SITE: 310 days
    • ID#: 1001560444
    UPDATED: 201 min ago
    $1,550,000
    • 0
      BEDS
    • 4.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,729
      SQFT
    • $68
      $/SQFT
    Neighborhood:
    Type:
    Manufactured Home
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Desirable investor property offers attractive CAP rate. Current tenant of 20+ years have recently renewed 4 and 5 year leases with gross income of $123,263. Building is 100% leased with tenant paying NNN expenses. Low maintenance building has had many recent improvements and updates. Site offers 4.34 acres with room for building expansion, additional parking or yard storage & rail access possibilities.

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-18T23:55:00.377.
    www.easternshorehomesolutions.com/homes/84549644

    610 Beam Street SALISBURY, MD 21801

    • Price: $1,550,000
    • Status: Active
    • Updated: 201 min ago
    • ID#: 1001560444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.34
    Acres
    22,729
    SQFT
    $68
    $/SQFT
    1986
    Built
    Neighborhood:
    None Available
    County:
    Wicomico
    Area:
    Wicomico Northwest (23-01)
    School District:
    Wicomico County Public Schools
    Property Description
    Desirable investor property offers attractive CAP rate. Current tenant of 20+ years have recently renewed 4 and 5 year leases with gross income of $123,263. Building is 100% leased with tenant paying NNN expenses. Low maintenance building has had many recent improvements and updates. Site offers 4.34 acres with room for building expansion, additional parking or yard storage & rail access possibilities.
    Exterior Features

    Architectural Style Other Construction Materials Concrete Garage YN No Lot Features Cleared Other Structures Above GradeBelow Grade Parking Types Parking Lot Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 22729 Basement None Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 22729.00 Building Features Sprinkler System Cooling Central A/C Fireplaces Total 0 Flooring Other Heating Other Heating YN Yes Net Square Feet 22729.00

    Property Features

    Acceptable Financing Exchange Accessibility Features Other Assessment Year 2017 Association YN No Business Type WarehouseIndustrialManufacturing Central Air YN Yes Cooling Fuel Electric Foundation Details Slab Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Salisbury Lease In Effect Yes Load Dock High DoorTruck Well(S) Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 20180215161313905805000000:CAR Ownership Interest Fee Simple Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 26622.0 Tax Assessment Amount 1308200.0 Tax Lot 130 Tenant Pays Utilities - All Total Actual Rent 146549.00 Vacation Rental YN No Water Source Public Zoning Ip Zoning Description Industrial

    Listing courtesy of Era Martin Associates.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-18T23:55:00.377.
     
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