1945 NORTHWOOD DR, Salisbury, MD 21801
1945 NORTHWOOD DR, Salisbury, MD 21801
1945 NORTHWOOD DR, Salisbury, MD 21801
1945 NORTHWOOD DR, Salisbury, MD 21801
1945 NORTHWOOD DR, Salisbury, MD 21801
1945 NORTHWOOD DR, Salisbury, MD 21801
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Brian Foraker

Brian Foraker

+1(302) 420-4616
Listed by Andrew Ball • SVN/Miller Commercial Real Estate
$ 450,000
Est. payment | /mo

0.92 Acres Lot

Save
$ 450,000
Est. payment | /mo
Save

0.92 Acres Lot

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWC2023806

Year Built 2002

Annual Tax Amount $3,374

Tax Year 2025

Lot Size 0.920 Acres

Acres 0.92

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

5 year NN Lease commenced 8/1/2026 with a potential termination clause for Buyers, opening this offering to either an Investor, potential Day Care Operator, or the building with its Light Industrial zoning could be repurposed into a new use. Current Tenant has been in this location since 2018.
Monthly rent is $3,500.00 NNN with the Tenant responsible for all CAM. NOI is $41,700 and at full price is a 9.27% cap rate.
Landlord responsibilities include the roof, structure, and HVAC repairs over $1,500 per year.
Floor plan and Lease are in the documents tab.

Location

State MD

County Wicomico

Area Wicomico Northeast (23-02)

Zoning LI

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 25.0

Water Access N

Roof Type Asphalt

Accessibility 2+ Access Exits, 36\"+ wide Halls

Total Parking Spaces 25

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2309060014

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Brian Foraker

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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1945 NORTHWOOD DR

 
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