1607 Northwood Dr Salisbury, MD 21801
- Industrial properties
- 15,000 SF
- 1.25 lot acres
Current Use by Public Records
- Nyquist Inc / Auto Repair Shop
- Numotion / Mobility Equipment Supplier / Wheelchair Repair Service
- NCM / Excavating Contractor
Property Details for 1607 Northwood Dr
- Year built
- 1967
- Construction
- BRICK
- Lot size
- 1.25 lot acres
- Property size
- 15,000 SF
- Zone code
- GC
- Property type
- Industrial properties
- APN
- 09-041559
- APU
- 9041559
Description
This exceptional 1.97-acre industrial property, located at 1607 Northwood Drive Unit 103, Salisbury, MD, presents a unique opportunity for businesses seeking flexible and strategically positioned space. Currently configured for warehousing, this unit will be available December 1st, 2024, or potentially sooner. The space boasts a C-1 General Commercial zoning designation, the most versatile zoning category in Salisbury, allowing for a wide array of uses. The property features shared dock-high access with a secured gated fence at the rear, facilitating efficient tractor-trailer loading and unloading. Two loading docks are conveniently situated on a common corridor. A fenced and paved rear parking area, complete with an automatic gate, provides ample on-site parking. An additional acre of land to the south offers potential for further parking expansion. This property benefits from its excellent location at the corner of Northwood Drive and Alexander Avenue, just one block from Route 13, ensuring easy access to major transportation routes. The property is also situated within the Wicomico County Enterprise Zone, potentially offering economic incentives. High-quality industrial-service neighbors further enhance the desirability of this location. The floor plan is available upon request. This versatile flex building is ideal for businesses requiring a blend of office and warehouse space, offering a secure and convenient environment for operations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $485,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $520,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $445,000
- Mixed-Use
- $525,000
- Hospitality
- $440,000
- Educational
- $450,000
- Residential Income
- $450,000
- Energy
- $490,000
- Income-Based Land
- $545,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.585
- Latitude
- 38.3851
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA