Leased Office
For Sale
Contact for pricing
Pending
110 Channel Marker Way, Grasonville, MD 21638
Water-view office condominium within a mixed-use waterfront complex, fully leased under a five-year term.
Property SizeContact for details
Days on Market142
Property Features for 110 Channel Marker Way
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
SVN | Miller Commercial Real Estate Salisbury
(443) 390-2600
Listed By:
Robert Greenlee · License #MD 510675
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Miller Commercial Real Estate Salisbury
Investment Insights
Based on property information with market context.
This office condominium represents 18% of the total building and is fully leased under a five-year agreement that began November 1st. The lease provides for a 27.6% rental increase over its term. Water views and a setting within the Wells Cove complex add context to the office offering.
Wells Cove combines marina, hotel, residential, retail, and office uses. The property is near seafood restaurants and waterfront bars, while US Route 50 Exit 42 is within 1/8 mile and provides eastbound and westbound access. Average daily traffic at the exit is 73,642.
Wells Cove combines marina, hotel, residential, retail, and office uses. The property is near seafood restaurants and waterfront bars, while US Route 50 Exit 42 is within 1/8 mile and provides eastbound and westbound access. Average daily traffic at the exit is 73,642.
Key Highlights
- Fully leased office condominium representing 18% of the total building
- Five‑year lease commenced November 1st
- 27.6% rental increase over the five‑year term
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 21638, MD
5,058
Population
2,219
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
511
Density / Sq Mi
$130,804
Median Household Income
$60,981
Median Earnings
$1,630
Median Rent
$491,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Water-view office condominium within a mixed-use waterfront complex, fully leased under a five-year term.
Where is this office units located?
The property is located at 110 Channel Marker Way Grasonville, MD.
What are key features of this property?
This property features: Fully leased office condominium representing 18% of the total building; Five‑year lease commenced November 1st; 27.6% rental increase over the five‑year term
