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2302 Allen Dr Salisbury, MD 21801

For Sale
$225,000

1.08 acres with I-2 zoning and rental income.

Property size:
2,138 SF

Property Features for 2302 Allen Dr

General Information

Size
2,138 SF

Source: Christopher Messick Agent Christopher Messick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Land with Rental Income

Located at the corner of Allen Dr & Leonard Ln in the Northwood Industrial park, this 1.08-acre property consists of four parcels, two of which have residential rentals. The zoning is I-2 Heavy Industrial in Wicomico County. One unit at "2302 Allen Dr." is 1,142 SF with a verbal month-to-month lease at $400 per month, presenting an opportunity for minor renovations and a new tenant at the current market rate. The other unit at "2306 Allen Dr." is 996 SF with a 1-year lease expiring on 6/30/2026, renting for $1,250 per month. This property offers a prime opportunity for a residential flipper or investor looking for value add, or a commercial user that wants to take advantage of the I-2 Heavy Industrial zoning and the location of the Northwood Industrial Park. The property has excellent access off two roads and room for expansion and development. The adjacent 2.19-acre parcel to the west is also listed for sale separately, creating a total of 3.27 acres, zoned I-2 Heavy Industrial in the Northwood Industrial Park, with no City Taxes. The property is in proximity to major highways. Per "Maryland Renters’ Rights and Stabilization Act of 2024" both tenants have been notified of the sale. One Tenant has exercised their right to make an offer. Their 30 day first right of refusal period ends 9-22-25.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Salisbury
County
Wicomico
State
Maryland
Longitude
-75.5748208
Latitude
38.3995862

FAQs

What type of property is this?
Industrial land - 1.08 acres with I-2 zoning and rental income.
Where is this industrial land located?
The property is located at 2302 Allen Dr Salisbury, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: - Zoned I-2 Heavy Industrial in Wicomico County with no City Taxes, offering versatile usage options.; - Located in the Northwood Industrial Park with excellent access off two roads and proximity to major highways.; - Includes two residential rental units providing immediate income: $400/month (month-to-month) and $1,250/month (lease expiring 6/30/2026).
More about this property
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