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101 Cedar Crossing Salisbury, MD $ 12,350,000
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$ 12,350,000 Get more info
101 Cedar Crossing
$ 12,350,000
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101 Cedar Crossing

Salisbury, MD, 21804
$ 12,350,000
Baths0.0 Sq 1,500

Monthly Estimate*

$ 86,268

101 Cedar Crossing, Salisbury, MD 21804 - Image 1
101 Cedar Crossing, Salisbury, MD 21804 - Image 2
101 Cedar Crossing, Salisbury, MD 21804 - Image 3
101 Cedar Crossing, Salisbury, MD 21804 - Image 4
101 Cedar Crossing, Salisbury, MD 21804 - Image 5
101 Cedar Crossing, Salisbury, MD 21804 - Image 6
101 Cedar Crossing, Salisbury, MD 21804 - Image 7
101 Cedar Crossing, Salisbury, MD 21804 - Image 8
Studio

Commercial Property for sale in Salisbury, MD

for $12,350,000. This 1,500 square foot building was built in 1999 on a lot size of 0.08.

Cedar Crossing is a well located student housing portfolio for sale and has attractive assumable debt. All units are walking distance to the Salisbury University campus and across the street from the football stadium and other sports fields. Current rental rates are lower than most competitors and there is space for amenities to be added. The portfolio consists of 58 individual units with 228 bedrooms that were all built new in 1999 - wood frame construction with vinyl siding, asphalt shingles, vinyl wood, carpet and vinyl tile flooring throughout. Kitchens are complete with refrigerator, dishwasher and stove; laminate and cultured marble tops in kitchens and bathrooms. All units have washers and dryers. Addresses include: (units listed in the 'portfolio properties' are only 2 of the 58 total, see below for addresses:) 101-207 Cedar Crossing Rd.

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Commercial Active

Price

$ 12,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,376

Style

Lot Size

0.08

Year Built

1999

Town/City

Salisbury

County/Region

Wicomico

MLS | Web ID

MDWC2009316
Features
Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Street Suffix CROSSING
Central Air Y/N N
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General
Sewer Public Septic Public Sewer
Heating Heat Pump(s)
Cooling Other
Possession Settlement
Roof Shingle
Zoning 0
Construction Materials Vinyl Siding Block
Year Built 1999
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Other
Municipality Salisbury
Business Type Other
Accessibility Level Entry - Main
County WICOMICO
Net Operating Income 715888.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Route 13 to College Ave turn right on South Division Street turn left on Onley Road Cedar Crossing will be on the left off of Onley Road located behind the athletic fields of Salisbury University.
City SALISBURY
Buyer Agent Compensation 6
Total Units 1
MLS Area Wicomico Southeast (23-04)
Lot Size Square Feet 3350.00
Waterfront Y/N N
Street Name CEDAR
Tax Annual Amount 2376.0
Price Per Sq Ft 9709.12
Vacation Rental Y/N N
Days on Market 371
Standard Status Active
Year Built Source Assessor
Tax Lot 1A
Cap Rate 5.80
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Driveway Parking Lot
Water View Y/N N
Building Area Total 1272.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.08
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 101
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* Excluded Features
List By
Rinnier Development Co

Broker

brinnier@rinnier.com

Email

Affordability Calculator

$86,466
Per Month
100%
0%
0%
Monthly Principal & Interest
$86,268
Monthly Property Taxes
$198
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/26/2023$12,350,000 Listed Price

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101 Cedar Crossing, Salisbury, MD, 21804 is a Commercial Property for sale at $12,350,000 with 1,500 sqft and a lot size of 0.08. 101 Cedar Crossing is a studio with 0.0 baths and was built in 1999. The property's zip code is 21804 which is in Salisbury, MD

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