Fully Leased Two-Story Office
For Sale
$2,969,000
1113 HEALTHWAY, Salisbury, MD 21804
Two-story office building fully leased with long-term tenants.
Property SizeContact for details
Lot Size2.01 Acres
Days on Market151
Property Features for 1113 HEALTHWAY
General Information
Standard status
Active
Lot size
2.01 Acres
Property subtype
Commercial
Building Details
Year Built
2017
Listing Agency:
Coldwell Banker Realty
(443) 359-9863
Listed By:
Ann E. Holtz · License #RS-0020973
(443) 359-9863
Source:
Elliman
Added: Mar 24
Changed: Jul 6
Last Checked: Aug 20 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully leased two-story building is located off Route 50 in downtown Salisbury, Maryland, within an Opportunity Zone. The property is zoned Light Business and Institutional. The tenant roster includes Purdue, occupying the entire second floor, Coastal Hospice, and a dermatologist on the first floor. The building features a VRF HVAC system installed in 2016, cementitious siding, composite exterior trim, and LED lighting throughout. Interior spaces include conference rooms, numerous private offices, a break room, and two sets of his/hers restrooms on each floor. All leases are long term with options and are NNN. The property is priced to sell at a 10% cap rate.
Key Highlights
- Priced to sell at a 10% cap rate.
- Fully leased with Triple A tenants (Purdue, Coastal Hospice, Dermatologist).
- Long‑term NNN leases with options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building fully leased with long-term tenants.
Where is this office building located?
The property is located at 1113 HEALTHWAY Salisbury, MD.
What is the asking price?
The asking price for this property is $2,969,000.
What are key features of this property?
This property features: Priced to sell at a **10% cap rate.**; Fully leased with Triple A tenants (Purdue, Coastal Hospice, Dermatologist).; Long‑term NNN leases with options.
