111 Olive St, Salisbury, MD 21801

This exceptional industrial property at 111 Olive Street, Salisbury, MD, presents a rare investment opportunity. The 29,984 square foot building sits on a 1.04-acre lot and is priced significantly below replacement cost at $30 per square foot. Recent upgrades include a complete renovation of office spaces and entryways, brand new windows throughout, and extensive exterior renovations using Aztek materials. The property boasts five overhead doors (including one drive-in and two dock-high), a freight elevator, and a fully fenced yard. A professionally installed low-voltage cable plant provides comprehensive infrastructure for telephone, data, CCTV, Wi-Fi, and audio-video systems. Currently generating approximately $54,600 in annual income from three tenants occupying roughly 14,000 square feet, the remaining 15,984 square feet is currently owner-occupied. The current owners are open to a lease-back arrangement, providing a buyer with time to secure a new tenant. The sale includes both 111 Olive Street and 108 Cherry Street, offering significant potential for investors and owner-operators alike. This unique property is a highly sought-after asset in a competitive market. Don't miss this chance to acquire a well-maintained, income-producing industrial building with substantial upside potential.