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111 N School St 16,897 SF 100% Leased Industrial Building Greensboro, MD 21639 $550,000 ($32.55/SF)
Investment Highlights
- 1.2-acre industrial parcel positioned within Caroline County’s Enterprise Zone with tax incentive eligibility.
- Recently replaced roof in 2025 reduces near-term capital expense requirements.
- Equipped with 3-phase power for industrial-grade electrical capacity.
- ±16,987 SF multi-tenant industrial building supporting warehouse and distribution functions.
- ±0.63 acres of outdoor storage area provides additional operational flexibility.
- Convenient Mid-Atlantic access with strong regional connectivity for distribution.
Executive Summary
Now available for lease, this versatile industrial building spans nearly 17,000 square feet and is positioned on a 1.2-acre site in Caroline County's Enterprise Zone. The property supports warehouse, distribution, and storage operations with 3-phase electric and multiple functional access points. The building’s layout accommodates a wide range of industrial uses, supported by ±0.63 acres of additional outdoor storage for fleet or equipment. The roof was fully replaced in 2025, ensuring reliable performance and reduced operating concerns for tenants.
Located in Greensboro, MD, the site offers proximity to Route 313 and regional connectors, enhancing logistical efficiencies across Delaware and Maryland. Enterprise Zone designation provides eligible tenants the potential benefit of state and local tax credits linked to employment and investment initiatives.
Located in Greensboro, MD, the site offers proximity to Route 313 and regional connectors, enhancing logistical efficiencies across Delaware and Maryland. Enterprise Zone designation provides eligible tenants the potential benefit of state and local tax credits linked to employment and investment initiatives.
Property Facts Under Contract
| Price | $550,000 | Building Class | C |
| Price Per SF | $32.55 | Lot Size | 1.14 AC |
| Sale Type | Investment | Rentable Building Area | 16,897 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1951 |
| Zoning | LC - Local Commercial | ||
| Price | $550,000 |
| Price Per SF | $32.55 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.14 AC |
| Rentable Building Area | 16,897 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | LC - Local Commercial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ober Automotive Warehouse
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ober Automotive Warehouse | Retailer | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-018713 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $275,600 |
Property Taxes
Parcel Number
02-018713
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$275,600
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