Bought with Unrepresented Buyer • Unrepresented Buyer Office
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Key Details
Sold Price $1
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWC2018046
Sold Date 09/26/25
Year Built 2023
Annual Tax Amount $22,440
Tax Year 2024
Lot Size 3.060 Acres
Acres 3.06
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
Opened in 2023, this newly built self-storage facility is already thriving, with an impressive 75% occupancy as of April 30, 2025. Situated on 3.06 acres, the property features 21,920 net rentable square feet (NRSF), with room to grow—an additional 4,375 NRSF can be added on the existing parcel.
Opportunities abound to increase value, from bringing rents up to market rates to leveraging on-site boat, RV, and camper storage. Plus, investors have the option to purchase adjacent land for future expansion (1.74 acres in total).
For those looking to scale their portfolio with a high-performing, growth-ready asset, this property is a compelling investment.
Location
State MD
County Wicomico
Area Wicomico Northeast (23-02)
Zoning LBI
Interior
Hot Water Other
Heating None
Cooling Ductless/Mini-Split, Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Wicomico County Public Schools
Others
Tax ID 2305114667
Ownership Fee Simple
Special Listing Condition Standard
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Edward Cole
Broker Associate | License ID: PA: AB067617 | DE: RB0020595
Broker Associate License ID: PA: AB067617 | DE: RB0020595