$3,500,500
$3,750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
CEDAR COMMONS - 302 CEDAR CROSSING RD Salisbury, MD 21804
2,912 SqFt
Key Details
Sold Price $3,500,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,912 sqft
Price per Sqft $1,202
Subdivision Cedar Commons
MLS Listing ID MDWC108376
Sold Date 07/01/21
HOA Y/N N
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $5,740
Tax Year 2019
Lot Dimensions 0.00 x 0.00
Property Description
Rinnier Development is proud to bring the student housing portfolio of Cedar Commons for sale. 22 units with 80 bedrooms all within walking distance to Salisbury University. This is portfolio sale for all properties, addresses include: 302-330 Cedar Crossing Road230 Lakewood Drive227-229 Brown Street821 Johnson RoadPlease call for more information on this existing, turn-key student housing opportunity with a CAP rate of 7.79%
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R8A
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 44.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Driveway, Parking Lot, On Street
Total Parking Spaces 44
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 13-063109
Ownership Other
Special Listing Condition Standard
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Bought with Andrew Ball • SVN |Miller Commercial Real Estate