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    1500 Riverside Drive Ext Salisbury, MD 21801

    For Lease
    $1,900 /Mo ($0.52 SF/Yr)

    CommercialLease - SALISBURY, MD

    Type:Office
    Lot size:
    1.00 Acre
    Days on Market:
    259
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 1500 Riverside Drive Ext

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    11
    Parking features
    Parking Lot
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1935
    Number of units
    1
    Building materials
    Brick

    SVN/Miller Commercial Real Estate (410) 543-2440 [email protected]

    Listing agent Chris Peek (410) 603-9112 License #27688

    Listing date Mar 28, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Space on Wooded Lot

    This 2,500 sq ft office space features a colonial-style exterior and is situated on a wooded 1.05-acre lot. The property has grandfathered use approval from the Wicomico County Zoning Authority for general business uses, specifically professional and service-related businesses, excluding retail or industrial uses or anything requiring exterior storage. The layout includes 9 office areas, 2 bathrooms, several record-keeping rooms, and a large 500 sq ft basement. The property benefits from city water and sewer services. Additional features include a handicapped access ramp and a quiet, secure location.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Wholesale Shop Auto Repair Shop Skin Care Clinic Kitchen & Bath HVAC Service Computer & Electronic Repair Pawn Shop Tech Support Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.62481
    Latitude
    38.3433

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    FAQs

    What type of property is this?
    Office space - 2,500 sq ft office space on 1.05-acre wooded lot.
    Where is this office space located?
    The property is located at 1500 Riverside Drive Ext Salisbury, MD.
    What is the lease rate?
    The lease rate is $0.52 SF/Yr.
    What are key features of this property?
    This property features: - Grandfathered Use Approval for General Business Uses (Professional and Service-Related); - Spacious 2,500 sq ft Office Space on a 1.05-Acre Wooded Lot; - Convenient Location with City Water and Sewer Service
    (410) 603-9112
    Request Owner's contact information
    1500 Riverside Drive Ext Salisbury, MD 21801
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    Salisbury, MD 21801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Riverside Drive Ext Salisbury, MD 21801
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