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$5,300,000.00

2324 ZION

SALISBURY, MD 21801

113692.00 Sq. Ft.

Year Built : 2019

List Date : 2021-04-05

MLS# : B MDWC112350

100% net leased investment property - Northwood Professional Center. Build in 2019 offering high quality construction and professional landscaping. Consists of 3 buildings totaling 25,207 sq.ft. on 2.61 acres of land. The property contains a total of 16 units. Building B offers 12' bay doors and Building C units offer 10' bay doors. First class finished office spaces with drywall, acoustical tile ceilings and ceramic tile and LVT flooring. All units are currently under new 5 years leases. Very attractive complex located just minutes from US Route 13 & US Route 50 bypass near shopping, restaurants and services. Property is situated in the Northwood Industrial Park which has access to all municipal services and is home to over 40 manufacturers. Located in an Enterprise Zone offering a 10 year local property tax credit to the owner. The amount of the tax credit is 80% for each of the first five years starting July 2020. In years 6-10 the credit decreases 10% annually.



FEATURES

  • Construction: HardiPlank Type,Masonry
  • County: WICOMICO
  • Lot Acres: 3
  • Parking: Paved Parking,Lighted Par
  • Roof Type: Asphalt
  • Tax Amount: $63,464.00
  • Tax Year: 2020
  • Utilities: Sewer Available,Water Available
  • Waterfront: N

This listing is courtesy of SVN/Miller Commercial Real Estate