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800 E Main Street, Salisbury, MD 21804
$530,000
800 E Main Street, Salisbury, MD 21804View this property at 800 E Main Street, Salisbury, MD 21804
800 E Main StreetSalisburyMD21804
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Property Description
2900+/- SF Office building on the corner of E Main and Monument Street in Salisbury. Fully leased with two (2) tenants in place. NOI: $29,411.64, 9.34% CAP. Mortgage Company tenant just signed a new 4 year lease with 3% annual increases. Law firm has 5% annual increases. The adjacent two parcels could be made available as well. Each has a single tenant and together generates approximately $16,000 in net income.
Full Property Details
Full Property Details for 800 E Main St
General
- Sold For: $530,000
- Taxes: $4,565 (2020)
- Status: Closed
- Type: Commercial
- MLS ID: MDWC113406
- Added to Site: 1, 059 day(s) ago
Business
- Business Type: Professional
Parking
- Total Spaces: 5
- Parking Type: Parking Lot
Location
- Area: Wicomico Southeast (23-04)
- Municipality: Salisbury
- County: Wicomico
- Driving Directions: Located at the corner of E Main Street and Monument Street in Salisbury, MD.
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1958
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,620
- Lot Size Source: Assessor
- Lot Dimensions: 60.00 x 127.00
- Zoning: C
Financial Considerations
- Price Per Sq. Ft.: $105.85
- Assessment Year: 2020
- City/TownTax: $2,218
- City/TownTax Freq: Annually
- County Tax: $2,095
- County Tax Freq: Annually
- Tax w/Assessment: $225,567
- Tax Amount: $4,565
- Tax Year: 2020
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed and Sold by SVN/Miller Commercial Real Estate, Tonney H Insley IV
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Schools
Schools serving 800 E Main St
School District:Wicomico County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1615 Glen Avenue Ext, Salisbury, MD 21804 | 3-5 | 1.2 mi | |
Chipman Elementary School
711 Lake St, Salisbury, MD 21801 | PK-2 | 1.2 mi | |
635 E Main St, Salisbury, MD 21804 | 6-8 | 0.2 mi | |
201 Long Ave, Salisbury, MD 21804 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 800 E Main St
Date
Details
Price
Change
Source
8/31/2021
Sold
$530,000
68.25%
MLS
6/16/2021
Listed
$315,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
800 E Main Street, Salisbury, MD 21804 (MLS# MDWC113406) is a Commercial property that was sold at $530,000 on August 31, 2021. Want to learn more about 800 E Main Street? Do you have questions about finding other Commercial real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.