Building Details

Construction block

Tenancy Multi

Listing Agency: SVN | Miller Commercial Real Estate Salisbury w***@svn.com Show Phone

Listed By: Wesley Cox · License #MD 574198

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 3:27AM

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Investment Insights

Based on property information with market context.

This light-industrial flex building is divided into 5 units and is currently 100% leased. Block exterior construction is paired with studded interior dividing walls, allowing the layout to be adjusted for future tenant requirements. The property has maintained occupancy for most of the past 10 years and includes future rent bumps in place.

Located at 2203 Marvel Rd in Salisbury, Maryland, the building is within Northwood Industrial Park. Light-industrial zoning permits a wide array of allowable uses. Professional management is already in place, supporting a hands-off ownership structure while retaining the option for local management.

Key Highlights

• 100% leased light‑industrial flex building
• Five‑unit configuration with potential for future reconfiguration
• Block exterior construction with studded interior dividing walls

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Pharmacy Grocery & Convenience Store Catering Service

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

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

477

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Five-unit industrial property with adaptable interior configuration and light-industrial zoning.

Where is this flex space located?

The property is located at 2203 Marvel Rd Salisbury, MD.

What are key features of this property?

This property features: 100% leased light‑industrial flex building; Five‑unit configuration with potential for future reconfiguration; Block exterior construction with studded interior dividing walls