Share this with your friends
(302) 985-1878
Kat Geralis Home Team | EXP
1945 Northwood Dr, Salisbury, MD 21801
- $450,000
- List Price
- $450,000
- Days on Market
- 90
- Status
- PENDING
- MLS#
- MDWC2023806
- Lot Size (Acres)
- 0.92
- Year Built
- 2002
- County
- Wicomico
- School District
- Wicomico County Public Schools
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.
Additional Information
- Area
- Wicomico Northeast (23-02)
- School District
- Wicomico County Public Schools
- Heating
- Heat Pump
- Cooling
- Central Air
- Roof
- Asphalt
- Water
- Public
- Sewer
- Public Sewer
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of SVN/Miller Commercial Real Estate. Contact: