239 Leonard Ln
Salisbury, MD 21801
Leonard Lane · Industrial Property For Sale

PROPERTY HIGHLIGHTS 8,960 sq.ft. Industrial Service Warehouse on 1.18 acres Divided into 4 units offering shops w/small office areas High Ceiling Units For Maximum Work & Storage Efficiency County I-2 Heavy Industrial Zoning - No City Inventory Tax! 10 x 12' Overhead Doors for each Unit 3 Phase Service Available Property Data and Leonard Lane Basic Income / Expense projections Location: 239 Leonard Lane Salisbury MD 21801 Building Infrastructure - 8,960 sq ft building on 1.18 acres Zoning: Property is in Wicomico County not City of Salisbury – There is NO city inventory tax. Zoning is Wicomico County I-2 heavy industrial Construction: Block building with steel beams Roof Height - 14 feet clear span Overhead Doors: 10x14 Electric - Single and 3 phase 240 volt 600 amp service Water & Sewer - Well and septic - fully inspected and up to ate Heat: Heat is electric baseboard in offices throughout. The rear warehouse sections are not heated. Roof Condition: Roof is approximately 20 years old. It has been inspected and has no leaks. Roofer's estimate is approximately 5 years until maintenance update is required. Income Leasable units - There are basically 4 distinct leasing modules 1+2, 3,4, and 5+6. You can subdivide to more if you wish or combine to larger units. Based on existing like kind lease rates in surrounding properties (Northwood Business Center across street) and leasing history units would lease for $ 6.00 sq ft annually. There is also normally a modest CAM (Common Area Maintenance) charge assessed to and paid by tenants to provide for grass cutting, snow removal and any brush cutting required. Size options: If you wish to increase the open area size of any floor plan by opening up the block walls to have larger open area by combining units this is an option. Based on quotes by a professional mason the time to completion is 2 weeks. One week to order steel and one week for work to put in place a 16 foot wide opening 10-14 feet high between units. The cost is approximately $ 7,500 to do this. Projected time to lease up - Units would be fully leased in 6-12 months. There has never been a problem leasing to automotive users. In fact there was a waiting list for auto service users wanting affordable lease space.