1517 N Salisbury Blvd Salisbury, MD 21801
Prominent, fully leased mixed-use complex in Salisbury's central area.
Lot size:
1.00 AcreProperty Features for 1517 N Salisbury Blvd
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 1.00 Acre
Building Details
- Year built
- 1940
Source:
Elliman
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
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 recently authorized 5-year option, and Rent-a-Center, with 23 years of tenancy and almost 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 6000 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. This investment is offered at a 7% CAP. Financials are available upon request.
Location Intelligence
Current Use by Public Records
Mixed-use properties
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?
Mixed-use property - Prominent, fully leased mixed-use complex in Salisbury's central area.
Where is this mixed-use property 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 with established anchor tenants like Family Dollar and Rent-a-Center.; - Located in an Opportunity Zone.; - Zoned Central Business District (CBD).
