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Flex Space with Fenced Yard
For Sale
Contact for pricing
Pending

113 Olive St, Salisbury, MD 21801

Renovated offices, loading infrastructure, and a secured yard complement the warehouse component.

Property SizeContact for details
Days on Market143

Property Features for 113 Olive St

General Information

Standard status Pending
Property subtype Office, Industrial
Listing Agency: Rinnier Development Company
Listed By: Matthew Trader · License #MD 631428
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 2:23AM

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 Rinnier Development Company

Investment Insights

Based on property information with market context.

This flex property combines warehouse and office areas with recently renovated office suites and entryways. Building improvements include new windows throughout, extensive exterior work utilizing Aztek, five overhead doors with drive-in and dock-high access, and a freight elevator. A professionally installed low-voltage cable plant supports telephone, data, CCTV, Wi-Fi, and audio-video applications throughout the complex.

The property includes a fully fenced yard and is located at 113 Olive St in Salisbury, Maryland. Three tenants occupy approximately 14,000 square feet, while the current owners use the remaining 25,000 square feet. The owners have indicated they may consider a leaseback arrangement following a sale, subject to agreed terms.

Key Highlights

  • Warehouse and office configuration at 113 Olive St, Salisbury, MD 21801
  • Approximately 14,000 SF occupied by 3 tenants
  • Current owners occupy the remaining 25,000 SF

Property Analytics

Current Use

Data Technology Brokers Consultant Maloney Telecom, Inc. Telecommunications Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Furniture & Home Goods Pet Grooming Service Carpet & Flooring Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

679
Businesses Nearby
Under-served
Demand for This Use

Demographics for 21801, MD

31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Renovated offices, loading infrastructure, and a secured yard complement the warehouse component.
Where is this flex space located?
The property is located at 113 Olive St Salisbury, MD.
What are key features of this property?
This property features: Warehouse and office configuration at 113 Olive St, Salisbury, MD 21801; Approximately 14,000 SF occupied by 3 tenants; Current owners occupy the remaining 25,000 SF
(410) 742-8151 Call to check price and availability
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