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    1217-1223 Salisbury Boulevar Salisbury, MD 21801

    For Sale
    $1,095,000

    Two buildings, high-traffic location, excellent potential.

    Property size:
    20,662 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    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 Features for 1217-1223 Salisbury Boulevar

    General Information

    Property type
    Retail properties
    Square Feet
    20,662 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.59035
    Latitude
    38.37757

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    FAQs

    What type of property is this?
    Retail property - Two buildings, high-traffic location, excellent potential.
    Where is this retail property located?
    The property is located at 1217-1223 Salisbury Boulevar Salisbury, MD.
    What is the asking price?
    The asking price for this property is $1,095,000.
    (410) 677-0909
    Request Owner's contact information
    1217-1223 Salisbury Boulevar 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
    1217-1223 Salisbury Boulevar Salisbury, MD 21801
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