1517 N Salisbury Blvd Salisbury, MD 21801
Prominent Salisbury complex with long-term tenants and warehouse space.
Building Details
- Year built
- 1940
Source:
Naiglobal
Listing Agency: NAI Coastal Listing Agent: George Merritt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Mixed-Use Complex
This fully leased mixed-use complex, Virginia Square, serves the central Salisbury area. 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 Rt 13 North and Dover Street. The warehouse units are equipped with three 14 ft roll-up doors and ceiling heights up to 18 feet. The building is fully sprinkled. The property is offered at a 7% CAP. The retail side has 64 parking spaces. There is newly fenced/gated parking for the warehouse side.
Location Intelligence
Current Use by Public Records
Shopping centers
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+ year history, 5-year option) and Rent-A-Center (23+ year history).**; - Located in an Opportunity Zone and zoned Central Business District (CBD).
