100 Cedar Crossing Rd, Salisbury, MD 21804

Listing office Rinnier Development Company

Listing date Feb 10, 2023

Source Crexi

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Overview

This multifamily portfolio comprises 58 individual units with a total of 228 bedrooms. Constructed in 1999, the buildings feature wood frame construction, vinyl siding, and asphalt shingles. Interior finishes include vinyl wood, carpet, and vinyl tile flooring. Each unit is equipped with a complete kitchen, including a refrigerator, dishwasher, and stove, as well as laminate and cultured marble countertops in the kitchens and bathrooms. Washers and dryers are included in all units. The properties are located within walking distance of the Salisbury University campus and across the street from the football stadium and other sports fields. The current rental rates are lower than most competitors, and there is space for the addition of amenities. The portfolio includes the following addresses: 101-207 Cedar Crossing Rd., 115-131 Onley Rd., 1145 S. Division St., 1499-1503 May Drive, 1507 Tulip Drive, 1401-1416 Varsity Lane, 205-209 Honeysuckle Drive, 251 Canal Park Dr., 408 Yorkshire Court, 426 South Boulevard, 306 Hazel Avenue, and 207, 319 & 323 East College Avenue.

Suggested Use

Department Store Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pet Store & Service Pet Grooming Service Car Rental Facility Pet Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Salisbury

County

Wicomico

State

Maryland

Longitude

-75.5705

Latitude

38.3596

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FAQs

What type of property is this?

Apartment building - 58 units, 228 bedrooms near Salisbury University campus.

Where is this apartment building located?

The property is located at 100 Cedar Crossing Rd Salisbury, MD.

What is the asking price?

The asking price for this property is $11,950,000.

What are key features of this property?

This property features: Portfolio of 58 individual units with 228 bedrooms.; Walking distance to Salisbury University campus and sports fields.; All units include washers and dryers.