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116 W Main Street Salisbury, MD $ 2,650,000
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$ 2,650,000 Get more info
116 W Main Street
$ 2,650,000
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Share Save

116 W Main Street

Salisbury, MD, 21801
$ 2,650,000
Baths0.0 Sq 30,000

Monthly Estimate*

$ 18,511

116 W Main Street, Salisbury, MD 21801 - Image 1
116 W Main Street, Salisbury, MD 21801 - Image 2
116 W Main Street, Salisbury, MD 21801 - Image 3
116 W Main Street, Salisbury, MD 21801 - Image 4
116 W Main Street, Salisbury, MD 21801 - Image 5
116 W Main Street, Salisbury, MD 21801 - Image 6
Studio

Commercial Property for sale in Salisbury, MD

for $2,650,000. This 30,000 square foot building was built in 1900 on a lot size of 0.23.

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.

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Commercial Active

Price

$ 2,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 44,909

Style

Medical,Professional

Lot Size

0.23

Year Built

1900

Town/City

Salisbury

County/Region

Wicomico

MLS | Web ID

MDWC2000308
Features
Interior
Heating Fuel Electric Natural Gas
Flooring Hardwood Ceramic Tile Carpet Laminated
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
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
Municipality Salisbury
Business Type Medical Professional
Accessibility 2+ Access Exits 32 + wide Doors 48 + Halls Elevator Level Entry - Main Low Pile Carpeting
County WICOMICO
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Rt 50 bypass to N Division Street. Right into Camden Street Parking lot
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
Waterfront Y/N N
Street Name MAIN
Tax Annual Amount 44909.0
Property Condition Very Good
Price Per Sq Ft 88.33
Vacation Rental Y/N N
Days on Market 1030
Standard Status Active
Year Built Source Assessor
Tax Lot 0
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Attendant Public Unassigned Lighted Parking
Water Source Public
Type of Parking Public Garage Parking Lot
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Keller Williams Realty

Broker

brad@truenorthgr.com

Email

Affordability Calculator

$22,253
Per Month
83%
17%
0%
Monthly Principal & Interest
$18,511
Monthly Property Taxes
$3,742
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/28/2023$2,650,000 -5.36% Price Down
12/20/2022$2,800,000 -9.68% Price Down
10/20/2022$3,100,000 -4.62% Price Down
7/7/2021$3,250,000 Listed Price

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116 W Main Street, Salisbury, MD, 21801 is a Commercial Property for sale at $2,650,000 with 30,000 sqft and a lot size of 0.23. 116 W Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 21801 which is in Salisbury, MD

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