Property Listing No Longer Available for Sale

212 East Main Street, Salisbury, MD

Office for Sale - $275,000 - 10,950 Sq. Ft. on 0.25 acres


Property Info

CIMLS#772057
Location
  212 East Main Street
  Salisbury MD 21801
UpdatedOctober 31st, 2017
TypeOffice
Price$275,000
Building10,950 Sq. Ft.
Land0.25 acres

Property Description

This 10,950 SF of commercial space available in downtown Salisbury is an income producing, well kept, second floor office property. The sellers are very motivated to sell!!

Perfect opportunity for a new investor or a seasoned owner, the property has existing income and is almost completely leased. The leases are mostly office and short term, so there is plenty of upside for a new owner to

introduce upgrades to the building and increase revenue with stronger market rents.

Additionally, for an owner-occupant, the building could be an excellent option for a user that wants to offset property expenses with rental income. Downtown Salisbury is currently working on a Master Plan for the rejuvenation of the street scape. This update will increase traffic flow and fine tune infrastructure, adding more value to this property!

Location Description:

Located directly on East Main street, right across the street from Mojo's restaurant in downtown Salisbury.

Highlights:

>> 10,950 SF of 2nd floor office space

>> Over $50,000 of gross Income

>> Within downtown revitalization area

* Email for additional photos


Financials

Sales Info:

>> Commision split: 4.0%