1217-1223 Salisbury Boulevar Salisbury, MD 21801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.