Bought with Robert Payne • RE/MAX Advantage Realty
$160,000
$165,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
2404 & 2402 PALEO LN Salisbury, MD 21801
4 Beds
2 Baths
3,972 SqFt
Key Details
Sold Price $160,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,972 sqft
Price per Sqft $40
Subdivision None Available
MLS Listing ID MDWC2021820
Sold Date 06/12/26
Style Ranch/Rambler,Other
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 3,972
Year Built 1973
Annual Tax Amount $2,019
Tax Year 2025
Lot Size 1.380 Acres
Acres 1.38
Property Sub-Type Detached
Source BRIGHT
Property Description
Unique investment and redevelopment opportunity on a 1.38± acre corner lot zoned I-2 Heavy Industrial, located at the corner of W Naylor Mill Rd & Paleo Ln, directly adjacent to Northwood Industrial Park and the Henry S. Parker Athletic Complex.
The offering includes two parcels (2402 & 2404 Paleo) currently utilized as residential properties but situated in a highly desirable industrial corridor. While the properties are presently within Wicomico County limits, they are immediately adjacent to the City of Salisbury boundary, with city water and sewer lines running directly in front of the property, presenting potential future utility and annexation considerations.
Existing improvements include two primary structures:
• A ranch-style home
• A former church facility that has been converted to residential use, which crosses the center lot line of both parcels
• Multiple accessory sheds
Both main structures require significant renovations. The property is potentially served by a shared well and septic system between the two parcels.
Property is being sold strictly AS-IS, with no repairs or improvements to be made by the seller. Buyers are encouraged to conduct their own due diligence. All questions regarding zoning, permitted uses, annexation, and access to public water and sewer should be directed to the appropriate government authorities.
Ideal for investors, developers, or owner-users seeking industrial-zoned land in a strategic Salisbury-area location with strong surrounding infrastructure and future potential. Enterprise benefits available for commercial uses.
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning I-2 HEAVY INDUSTRIAL
Rooms
Main Level Bedrooms 4
Interior
Interior Features Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Stove - Pellet
Hot Water Electric
Heating Baseboard - Hot Water, Pellet Stove
Cooling Central A/C
Equipment Oven/Range - Gas
Furnishings No
Appliance Oven/Range - Gas
Heat Source Oil, Pellets
Laundry Has Laundry
Exterior
Utilities Available Cable TV, Phone Available
Water Access N
Accessibility None
Garage N
Building
Lot Description Additional Lot(s), Adjoins - Public Land, Backs - Parkland, Level
Story 1
Foundation Block
Above Ground Finished SqFt 3972
Sewer Shared Septic
Water Well-Shared
Architectural Style Ranch/Rambler, Other
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
School District Wicomico County Public Schools
Others
Senior Community No
Tax ID 2309028781
Ownership Fee Simple
SqFt Source 3972
Acceptable Financing Cash, Bank Portfolio, FHA 203(k), Private
Listing Terms Cash, Bank Portfolio, FHA 203(k), Private
Financing Cash,Bank Portfolio,FHA 203(k),Private
Special Listing Condition Standard
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