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510-520 Salisbury Boulevard N

SALISBURY, MD 21801
  • $85,000
  • STATUS: Active
  • ON SITE: 82 Days
  • ID#: MDWC2005154
UPDATED: 80 min ago
$85,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1970
County:

School Ratings & Info

Description

Quality Cars Dealership Business For Sale - Owner Retiring -- The lease has renewal options out to 9/30/2011. The lease is currently $1,700 per month with 2% escalators. The cost of property taxes and insurance are split between the Landlord and tenant. There is an adjacent lot to the immediate south which also goes with this property. --I have a copy of the lease for review. The main deal point here beyond the business and equipment is the very low-cost lease locked in for 10 years. This is a tremendous bargain relative to similar auto-service dealership leases on this highway. --The property being sold is the business opportunity for the used car sales business known as +G+Quality Cars+G- located at 520 North Salisbury Boulevard, Salisbury, Maryland. The sale includes the existing business, transferable licenses and certifications, and all business equipment, including service tools and diagnostic equipment associated with the business. The sale also includes the assignment or transfer of the existing leasehold interest, including renewal options, to the Buyer. The leasehold interest is for the property identified in the tax records as Tax ID accounts 05-003024 and 05-009839. The property defined in the leasehold interest consists of a 10,458 sq ft parcel, an adjacent 2,375 sq ft parcel, and a building approximately 1,296 sq ft in size. Property Zoning is City of Salisbury C-1 Commercial.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-07T15:59:36.847.
www.theskygroup.com/homes/128786595
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510-520 Salisbury Boulevard N SALISBURY, MD 21801

  • Price: $85,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 80 min ago
  • ID#: MDWC2005154
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1970
Built
Neighborhood:
Wicomico Northwest (23-01)
County:
Wicomico
Area:
Wicomico Northwest (23-01)
School District:
Wicomico County Public Schools
Property Description
Quality Cars Dealership Business For Sale - Owner Retiring -- The lease has renewal options out to 9/30/2011. The lease is currently $1,700 per month with 2% escalators. The cost of property taxes and insurance are split between the Landlord and tenant. There is an adjacent lot to the immediate south which also goes with this property. --I have a copy of the lease for review. The main deal point here beyond the business and equipment is the very low-cost lease locked in for 10 years. This is a tremendous bargain relative to similar auto-service dealership leases on this highway. --The property being sold is the business opportunity for the used car sales business known as +G+Quality Cars+G- located at 520 North Salisbury Boulevard, Salisbury, Maryland. The sale includes the existing business, transferable licenses and certifications, and all business equipment, including service tools and diagnostic equipment associated with the business. The sale also includes the assignment or transfer of the existing leasehold interest, including renewal options, to the Buyer. The leasehold interest is for the property identified in the tax records as Tax ID accounts 05-003024 and 05-009839. The property defined in the leasehold interest consists of a 10,458 sq ft parcel, an adjacent 2,375 sq ft parcel, and a building approximately 1,296 sq ft in size. Property Zoning is City of Salisbury C-1 Commercial.
Exterior Features

Construction Materials Advanced FramingVinyl SidingBlock Garage YN No Parking Types Parking Lot Riparian Rights YN No Roof Built-Up Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1300.00 Flooring VinylConcrete Heating CentralHeat Pump(S) Heating YN Yes Leasable Area 1300

Property Features

Accessibility Features 32"+ Wide Doors Assessment Year 2022 Business Name Quality Cars Business Type Auto Related Central Air YN No Current Use Auto Dealer/Service Heating Fuel Electric Hot Water Electric Municipality Salisbury Navigable Water YN N New Construction YN No Original MLSNumber 801571799018 Ownership Interest Leasehold Possession 0-30 Days Cd Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 334.00 Tax Assessment Amount 16600.00 Vacation Rental YN No Water Source Public Zoning Gc

Listing courtesy of Svn/Miller Commercial Real Estate.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-07T15:59:36.847.
 
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The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814