Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
Salisbury, MD 21804,CEDAR COMMONS - 302 CEDAR CROSSING RD
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$3,500,500

$3,750,000

6.7%
Est.Price: ?

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Est. payment /mo

2,912 SqFt


SOLD DATE : 07/01/2021

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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Bright MLS (BMLS)
Listed by William Rinnier • Rinnier Development Co
Bought with Andrew Ball • SVN |Miller Commercial Real Estate
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