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    504 Coventry Ln Salisbury, MD

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    For Lease
    $20 SF/Yr ($5,000 /Mo)

    Retail pad site with drive-thru potential in Salisbury, MD.

    Property size:
    3,000 SF
    Lot size:
    23.60 Acres

    Property Features for 504 Coventry Ln

    General Information

    Size
    3,000 SF
    Lot size
    23.60 Acres

    Source: SVN - Miller | Salisbury Agent John McClellan

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

    Overview

    Retail Pad Site with Drive-Thru

    This retail pad site is part of a new retail and office development in Salisbury. The 5,500 square foot inline building is fully leased. The pad site is slated for completion mid 2022 and offers between 1,000 and 3,000 square feet with a planned drive-thru. Located at a lighted intersection on the corner of Beaglin Park Drive and Still Meadow Boulevard, Coventry Plaza features fully leased inline space. The center fronts 288 newly developed apartments, 55 new townhomes with an additional 62 existing townhome units, and is across the street from 52 new single family homes. A new 194 villa development was recently approved behind Coventry Apartments. The plaza will have access to a high speed fiber optic cable. The surrounding area contains 650 residential units. Established businesses in the plaza include Michelle's Pretty Paws, Elegant Nails, Edward Jones, Sound Advice Hearing Aids, and Dr. Debbie Steele Moore Eye Center. The location benefits from over 14,000 vehicles per day and offers visibility and exposure.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Similar Places Nearby

    Clairmont Shopping Center, Coinstar Kiosk | Bitcoin ATM, Coin Cloud Bitcoin ATM, South Salisbury Plaza, Coinstar Kiosk - Bitcoin ATM

    Map

    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5993692
    Latitude
    38.3606736

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    FAQs

    What type of property is this?
    Shopping center - Retail pad site with drive-thru potential in Salisbury, MD.
    Where is this shopping center located?
    The property is located at 504 Coventry Ln Salisbury, MD.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Located at a lighted intersection offering high visibility and exposure.; - Benefits from 650 existing and newly developed residential units in the immediate surrounding area.; - Planned drive-thru on the pad site.
    (410) 430-9964
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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
    504 Coventry Ln Salisbury, MD
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