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Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 17,287 sqft
Price per Sqft $80
MLS Listing ID MDWC111766
Sold Date 08/23/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1994
Annual Tax Amount $9,266
Tax Year 2020
Lot Size 2.840 Acres
Acres 2.84
Property Description
Clean modern office/warehouse conveniently located just off Route 50 in Winterplace Park. Features majority office space with warehouse & loading dock at the rear of the building. A portion of the warehouse is climate controlled. Multiple entrances with ample land that offers room for expansion. County Location - no city taxes! Located in a great, professional setting. Furniture may be available to buyer. 34 parking spaces on site. Partially Leased (3478 SF) to Chesapeake Medical Solutions as a billing office for Your Docs In. Current Term expires 12/31/21. Tenant has expressed interest in renewing and possible expansion. Current income in $33,273 net. One five year option to renew with 3% annual increases. Owner may require a secure leaseback of the current data room (or a mutually agreeable smaller portion) to maintain his data feed until transition can take place
Location
State MD
County Wicomico
Area Wicomico Northeast (23-02)
Zoning LB1
Interior
Hot Water Natural Gas
Heating Other
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 36.0
Water Access N
Accessibility No Stairs
Total Parking Spaces 36
Garage N
Building
Sewer Community Septic Tank, Private Septic Tank
Water Private/Community Water
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 05-107806
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Meredith M. Mears • NAI Coastal