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    111 Olive St Salisbury, MD 21801

    Sponsored
    For Sale
    $1,090,000

    High-yield industrial building, excellent investment.

    Property size:
    29,984 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional industrial property at 111 Olive Street, Salisbury, MD, presents a rare investment opportunity. The 29,984 square foot building sits on a 1.04-acre lot and is priced significantly below replacement cost at $30 per square foot. Recent upgrades include a complete renovation of office spaces and entryways, brand new windows throughout, and extensive exterior renovations using Aztek materials. The property boasts five overhead doors (including one drive-in and two dock-high), a freight elevator, and a fully fenced yard. A professionally installed low-voltage cable plant provides comprehensive infrastructure for telephone, data, CCTV, Wi-Fi, and audio-video systems. Currently generating approximately $54,600 in annual income from three tenants occupying roughly 14,000 square feet, the remaining 15,984 square feet is currently owner-occupied. The current owners are open to a lease-back arrangement, providing a buyer with time to secure a new tenant. The sale includes both 111 Olive Street and 108 Cherry Street, offering significant potential for investors and owner-operators alike. This unique property is a highly sought-after asset in a competitive market. Don't miss this chance to acquire a well-maintained, income-producing industrial building with substantial upside potential.

    Property Features for 111 Olive St

    General Information

    Property type
    Industrial properties
    Square Feet
    29,984 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    1-800 Radiator & A/C-Salisbury Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.59364
    Latitude
    38.37416

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    FAQs

    What type of property is this?
    Industrial property - High-yield industrial building, excellent investment.
    Where is this industrial property located?
    The property is located at 111 Olive St Salisbury, MD.
    What is the asking price?
    The asking price for this property is $1,090,000.
    (410) 742-8151
    Request Owner's contact information
    111 Olive St Salisbury, MD 21801
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    Salisbury, MD 21801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Olive St Salisbury, MD 21801
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