Fully Leased Two-Story Office
1113 HEALTHWAY Salisbury, MD 21804
For Sale
$2,399,000
Fully leased two-story office building with VRF HVAC, LED lighting, and over 100 parking spaces with long-term NNN leases.
Property Size23,895 SF
Price / SF$100.40
Days on Market135
Property Features for 1113 HEALTHWAY
General Information
Standard status
Active
Size
23,895 SF
Property subtype
Office
Building Details
Year Built
2017
Listing Agency:
Coldwell Banker Realty
(443) 359-9863
Listed By:
Ann Holtz · License #RS-0020973
(443) 359-9863
Source:
Xome
Added: Mar 17
Changed: Jul 27
Last Checked: Jul 29 at 3:34AM
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.
A fully leased two-story office building offering a mix of conference rooms and numerous private offices, along with break rooms and two sets of his-and-hers restrooms on each floor. The building features cementitious siding, composite exterior trim, LED lighting throughout, and a top-of-the-line VRF HVAC system installed in 2016. All leases are long term with options and are structured as NNN.
The property is located right off Route 50 and is zoned Light Business and Institutional, situated in an Opportunity Zone in downtown Salisbury. Tenant highlights include Purdue, which takes the entire second floor, along with Coastal Hospice and a dermatologist on the first floor.
The offering includes over 100 parking spaces. Leases will be disclosed with a signed NDA. The property is priced to sell at a 7.84% cap rate (NOI of $188,162.28).
The property is located right off Route 50 and is zoned Light Business and Institutional, situated in an Opportunity Zone in downtown Salisbury. Tenant highlights include Purdue, which takes the entire second floor, along with Coastal Hospice and a dermatologist on the first floor.
The offering includes over 100 parking spaces. Leases will be disclosed with a signed NDA. The property is priced to sell at a 7.84% cap rate (NOI of $188,162.28).
Key Highlights
- Fully leased two‑story office building with long‑term NNN leases and lease options
- Triple A tenants: Purdue (entire second floor), plus Coastal Hospice and a dermatologist (first floor)
- VRF HVAC system installed in 2016; A/C - other and heating included
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully leased two-story office building with VRF HVAC, LED lighting, and over 100 parking spaces with long-term NNN leases.
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 $2,399,000.
What are key features of this property?
This property features: Fully leased two‑story office building with long‑term NNN leases and lease options; Triple A tenants: Purdue (entire second floor), plus Coastal Hospice and a dermatologist (first floor); VRF HVAC system installed in 2016; A/C - other and heating included
