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Sold for $160,000
    • $160,000

    2404 & 2402 Paleo Ln, Salisbury, MD 21801

    4beds
    3,972sqft
    Single Family Residence
    Built in 1973
    1.38 Acres Lot
    $160,200 Zestimate®
    $40/sqft
    $2,375 Estimated rent

    Home value

    $160,200

    $146,000 - $175,000

    $2,375/mo

    Zestimate® history
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    What's special

    Ranch-style homeMultiple accessory sheds
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mr. Colby B Phippin 443-235-6735,

    Whitehead Real Estate Exec.

    Bought with:

    Robert Payne, 667549

    RE/MAX Advantage Realty

    Source: Bright MLS,MLS#: MDWC2021820MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 4
    Heating
    • Baseboard, Oil
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Oven/Range - Gas, Electric Water Heater
    • Laundry: Has Laundry
    Features
    • Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room
    • Flooring: Carpet
    • Doors: Storm Door(s)
    • Has basement: No
    • Has fireplace: No
    • Fireplace features: Pellet Stove
    Interior area
    • Total structure area: 3,972
    • Total interior livable area: 3,972 sqft
    • Finished area above ground: 3,972

    Property

    Parking
    • Parking features: Private, Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 1.38 Acres
    • Features: Additional Lot(s), Adjoins - Public Land, Backs - Parkland, Level, Corner Lot/Unit
    Details
    • Additional structures: Above Grade, Outbuilding
    • Additional parcels included: Sale includes 2 parcels, tax ID #’s: 09028781 & 09035842 for a total of 60,000 square feet of property.
    • Parcel number: 2309028781
    • Zoning: I-2 HEAVY INDUSTRIAL
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch/Rambler,Other
    • Property subtype: Single Family Residence
    Materials
    • Block, Metal Siding, Mixed, Stick Built
    • Foundation: Block
    Condition
    • Fixer
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Shared Septic
    • Water: Well-Shared
    • Utilities for property: Cable Connected, Phone Available, Cable

    Community & HOA

    Community
    • Subdivision: None Available
    HOA
    • Has HOA: No
    Location
    • Region: Salisbury

    Financial & listing details

    • Price per square foot: $40/sqft
    • Tax assessed value: $219,067
    • Annual tax amount: $2,019
    • Date on market: 4/27/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Bank Portfolio,FHA 203(k),Private Financing Available
    • Inclusions: All Remaining Contents Of Buildings / Property
    • Exclusions: Trailer Behind House, Log Splitter, Small Trailer Towards Naylor Mill Rd, Truck Towards Naylor Mill Rd, And The Large Shed Towards Naylor Mill Rd
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/12/2026Sold$160,000-3%$40/sqft
    Source: Bright MLS #MDWC2021820 Report a problem
    5/14/2026Contingent$165,000$42/sqft
    Source: Bright MLS #MDWC2021820 Report a problem
    4/27/2026Listed for sale$165,000$42/sqft
    Source: Bright MLS #MDWC2021820 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 21801

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Wicomico County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
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    Estimated market value
    $160,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $160,200

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