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Properties
Distribution centers
MD
Salisbury
21801
520 Marvel Rd

Property profile

520 Marvel Rd Salisbury, MD 21801

OFF-MARKET

Distribution centers

Property ID

US40-0792058

13,200 SF 4.54 ac lot Built 1959

Entity Owned 14-yr Hold ~ Est. High Equity

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This exceptional 3,340-square-foot Class A warehouse space is available for lease in Salisbury, Maryland's desirable Northwood Industrial Park. Situated at the corner of Marvel Road and Shipley Drive, this property offers unparalleled convenience with easy access to Routes 13 and 50. The space, part of a multi-tenant industrial facility, is currently vacant and boasts two drive-through bays equipped with four 14' x 14' doors. The warehouse features 15-foot clear ceiling heights and is heated, providing a comfortable and efficient work environment. Ample outdoor space is available for convenient truck parking or additional storage. This light industrial zoned property in Wicomico County is perfect for a variety of businesses. The landlord is willing to renovate the space to meet the specific needs of a qualified tenant, making this an exceptional opportunity to customize your ideal workspace. The property is classified as a warehouse and distribution facility. This is the only available space in the building.

Property type Distribution centers

Use group DISTRIBUTION WAREHOUSE

Year built 1959

Construction BRICK

Total area 13,200 SF

Lot 4.54 ac (197,762 SF)

Zoning code LI

APN 09-045317

UPID US40-0792058

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

(Bike/Boat/Book/etc) Store

520 Marvel Rd Salisbury, MD 21801-7899

Salisbury metro Census 10101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

by Request

CAP Approach CAP

$1.31M

Comparable Approach Comparable

$1.44M

Blend (final) Blend

$475k

since 2012

5 recorded transactions

2021

Price N/A

2017

Price N/A

2012

$277,700

1969

Price N/A

1969

Price N/A

Zoning description

The purpose of the light industrial district is to foster the continuance of existing manufacturing and other light industrial uses and to encourage the location of new industries within the city to continually improve t…

General category INDUSTRIAL

Top alternative use upside

Commercial (general) $2.2M +31.7%

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$3,190,000

17,275 SF

2257 Northwood Dr

DISTRIBUTION WAREHOUSE

2257 Northwood Dr, Salisbury, MD 21801-7896

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Value Estimation
$1,785,000

20,500 SF

2006 Shipley Dr

DISTRIBUTION WAREHOUSE

2006 Shipley Dr, Salisbury, MD 21801-7874

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Value Estimation
$2,020,000

23,798 SF

2236 Northwood Dr

DISTRIBUTION WAREHOUSE

2236 Northwood Dr, Salisbury, MD 21801-8811

View Details
Value Estimation
$830,000

12,450 SF

1717 Northwood Dr

DISTRIBUTION WAREHOUSE

1717 Northwood Dr, Salisbury, MD 21801-7865

View Details
Value Estimation by Request
4,900 SF

2523 Salisbury Blvd

Distribution properties

2523 Salisbury Blvd, Salisbury, MD 21801

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Value Estimation
$375,000

8,610 SF

919 Boundary St

DISTRIBUTION WAREHOUSE

919 Boundary St, Salisbury, MD 21801-8995

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