1517 N Salisbury Blvd Salisbury, MD 21801
Prominent Salisbury complex with long-term tenants and warehouse space.
Property size:
25,500 SFProperty Features for 1517 N Salisbury Blvd
General Information
- Size
- 25,500 SF
Building Details
- Year built
- 1940
Source:
Naicoastal
Listing Agent: George Merritt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Mixed-Use Complex
Virginia Square is a fully leased mixed-use complex located in central Salisbury. Anchor stores include Family Dollar, with a 25-year leasing history and a newly authorized 5-year option, and Rent-a-Center, with 23 years of tenancy and approximately 2 years remaining on its current term. The property is zoned Central Business District (CBD) and is located in an Opportunity Zone. The rear of the building features two warehouse units, each exceeding 6,000 square feet, with 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 include three 14 ft roll-up doors and ceiling heights up to 18 feet. The building is fully sprinkled. There are 64 parking spaces on the retail side. The property is offered at a 7% CAP, with financials available upon request.
Location Intelligence
Current Use by Public Records
Warehouses
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
Nearby Similar for Sale
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 Family Dollar (25+ years) and Rent-A-Center (23+ years) provide long-term tenancy history.**; - Located in an Opportunity Zone and zoned Central Business District (CBD).