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sales rep | Brivity IDX

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111 Olive St , Salisbury, MD 21801
$1,090,000
Est. Payment: $5,801.44/mo
33416 Sqft
1.04 Acres
Status: active | Days on site: 348
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RDC218 - 3255967
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House Description

Rare Industrial property comprised of Warehouse and Office. Priced, well below replacement at just $30 PSF. Simply put, you can’t construct this type of building for anywhere near that price. Building has been upgraded with newly renovated office spaces and entry ways, brand new windows throughout, extensive exterior renovations utilizing Aztek, 5 overhead doors ( w/ drive in, 2 dock high), freight elevator and fully fenced in yard. There is also professionally installed low voltage cable plant throughout the complex for telephone, data, CCTV, Wi-Fi and Audio Video. Property is perfect for an investor or owner operator. If you wish to operate your business here, you can enjoy some income to help you offset the mortgage payment. This would help give the buyer time to find a tenant for the space. The possibilities are endless for this deal and this building. This type of product is hard to find right now. Sale includes 111 Olive St. and 108 Cherry St.

Highlights

Listed by Matthew Trader , 4107428151 Rinnier Development Co , 4107428151. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
1.04

Year Built

1968

County

Wicomico

Area

Wicomico Northeast (23-02)

School District

Wicomico County Public Schools

Listing ID

MDWC2020668

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:0.00 x 0.00
Zoning:COMMERCIAL INDUSTRIAL
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$5,801
Taxes
$695

Home Price

$1,090,000

Loan Details

30 yrs
7%

Down Payment

20%
$218,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,801.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,801.44 $694.88 $0.00 $6,496.31
Yearly $69,617.25 $8,338.50 $0.00 $77,955.75
Total $2,088,517.59 $250,155.00 $0.00 $2,338,672.59
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Salisbury, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T19:09:10.000Z

© 2026 Bright MLS