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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1217-1223 Salisbury Boulevar Salisbury, MD 21801

20,662 SF 0.94 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two adjoining retail buildings situated at 1217-1223 N Salisbury Boulevard in Salisbury, Maryland. The property consists of a combined 20,662 square feet situated on a 0.94-acre lot. These buildings, while sold together as a single unit, are separate parcels. Building 1223 is currently fully occupied and boasts recent significant upgrades, including a new roof, HVAC system, and exterior garage door. Numerous other improvements have also been recently completed. Building 1217 is currently vacant, presenting a unique opportunity for immediate lease income generation. A prominent billboard is available for use by tenants of 1217, offering excellent advertising potential. Building 1223 benefits from a shared parking easement with an adjacent property, ensuring ample parking for tenants and customers. This strategic location offers high visibility and accessibility, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a thriving retail market. The asking price for this combined property is $1,095,000. This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 20,662 SF
Lot 0.94 ac (40,946 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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