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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 modular 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 currently 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/18/2026 |
|---|---|---|---|
| YEAR BUILT | 1973 | COMMUNITY | Wicomico Northwest (23-01) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Wicomico Northwest (23-01) |
| CONSTRUCTION | Aluminum Siding, Block |
| HEAT | None |
| LOT | 1.38 acre(s) |
| PARKING | None |
| SEWER | Shared Septic |
| TAXES | 2019.59 |
| WATER | Shared Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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