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1517 N Salisbury Blvd Salisbury, MD 21801

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For Sale
$2,199,000

Prominent Salisbury complex with long-term tenants and warehouse space.

Property size:
25,500 SF

Property Features for 1517 N Salisbury Blvd

General Information

Size
25,500 SF

Building Details

Year built
1940

Source: George Merritt Agent George Merritt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Leased Mixed-Use Complex

The property is a fully leased, mixed-use complex located in central Salisbury. Anchor tenants include Family Dollar, with a 25-year leasing history and a recently authorized 5-year option, and Rent-a-Center, with 23 years of tenancy and almost 2 years remaining on its current term. The rear of the building features two warehouse units exceeding 6000 square feet each, complemented by a recently fenced and gated parking area. The complex provides parking for over 100 vehicles and has access from both Route 13 North and Dover Street. The warehouse units are equipped with three 14 ft roll-up doors and ceiling heights reaching up to 18 feet. The building is fully sprinkled. The property is zoned Central Business District (CBD) and is located in an Opportunity Zone. There are 64 parking spaces on the retail side. The property is offered at a 7% CAP, with financials available upon request. In addition to the anchor tenants, two local warehouse users complete the tenancy. The property size is 25500 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

North Point Plaza, The Commons, Lord Salisbury Center, Maryland Square

Location Insight

  • Map
  • Local Demand
City
Salisbury
County
Wicomico
State
Maryland
Longitude
-75.5852985
Latitude
38.3818911

FAQs

What type of property is this?
Shopping center - Prominent Salisbury complex with long-term tenants and warehouse space.
Where is this shopping center located?
The property is located at 1517 N Salisbury Blvd Salisbury, MD.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: - Fully leased mixed-use complex in a prominent location.; - Anchor tenants with long-term leasing history (Family Dollar: 25+ years, Rent-A-Center: 23+ years).; - Located in an Opportunity Zone and zoned Central Business District (CBD).
More about this property
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