2302 Allen Dr

Highlights:

• 1.08 Acres Zoned I-2 Heavy Industrial
• 2 Residential Rentals
• Proximity to major highways
• Excellent access off two roads
• Room for expansion and development
• Attractive investment opportunity
• Adjacent 2.19 Acres for sale separately (Totaling 3.27 Acres)

Description:

Located at the corner of Allen Dr & Leonard Ln in the Northwood Industrial park. This property consists of 4 parcels two of which have residential rentals on them, all are Zoned I-2 Heavy Industrial in Wicomico County.
"2302 Allen Dr." - 1,142 SF | Rent = $400 per/month, (Verbal month too month lease) &
"2306. Allen Dr." - 996 SF | Rent = $1,250 per/month, (1 year lease, Expires on 6/30/2026)
This is a Prime opportunity for a residential Flipper or investor looking. for some value add, or a commercial user that wants to take advantage of the I-2 Heavy Industrial zoning and or the Location of the Northwood Industrial Park.

We also have the adjacent 2.19 Acre parcel to the west listed with a different owner creating 3.27 Acres, zoned I-2 Heavy Industrial in the Northwood Industrial Park, with no City Taxes.

Per "Maryland Renters’ Rights and Stabilization Act of 2024" both tenants have been notified of the sale. One Tenant has exercised their right to make an offer. Their 30 day first right of refusal period ends 9-22-25.

North West Corner of Allen Dr & Leonard Ln