Mixed-Use Complex with Warehouse
For Sale
$1,800,000
1517 N Salisbury Boulevard, Salisbury, MD 21801
Central Salisbury mixed-use complex with fully sprinkled rear warehouse bays, roll-up doors, and dual access from Rt 13 North and Dover Street.
Property SizeContact for details
Days on Market643
Property Features for 1517 N Salisbury Boulevard
General Information
Standard status
Active
Total Parking Spaces
100
Property subtype
Commercial
Zoning
CBD
Occupancy
100%
Financials
Cap Rate
7%
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Sprinkler System
Yes
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
NAI Coastal
Listed By:
George Timothy Merritt
Source:
Deepcreeklake
Added: Nov 3, 2024
Changed: Jul 10
Last Checked: Aug 6 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Coastal
Investment Insights
Based on property information with market context.
Virginia Square is a fully leased mixed-use complex serving the central Salisbury area. Anchors include Family Dollar, with a 25-year leasing history and a freshly authorized 5-year option, and Rent-a-Center, with 23 years in place and nearly two years remaining on its current term. The property is zoned Central Business District (CBD) and located in an Opportunity Zone.
The rear of the building features two 6,000+ sf warehouse units backed by a recently fenced and gated parking area. Each warehouse unit has three 14 ft roll-up doors and ceiling heights up to 18 feet. The building is fully sprinkled, and the overall complex provides parking for over 100 vehicles. Access is available from both Rt 13 North and Dover Street.
This configuration can support tenant and operator needs that balance retail anchor stability with warehouse functionality, including vehicle-friendly roll-up access and clear overhead clearance. Offered for sale with financials available upon request, the asset may fit investors seeking a leased mixed-use platform with on-site warehousing at the rear and established anchor tenancy.
The rear of the building features two 6,000+ sf warehouse units backed by a recently fenced and gated parking area. Each warehouse unit has three 14 ft roll-up doors and ceiling heights up to 18 feet. The building is fully sprinkled, and the overall complex provides parking for over 100 vehicles. Access is available from both Rt 13 North and Dover Street.
This configuration can support tenant and operator needs that balance retail anchor stability with warehouse functionality, including vehicle-friendly roll-up access and clear overhead clearance. Offered for sale with financials available upon request, the asset may fit investors seeking a leased mixed-use platform with on-site warehousing at the rear and established anchor tenancy.
Key Highlights
- Prominent mixed‑use complex in central Salisbury, zoned Central Business District (CBD) and located in an Opportunity Zone
- Two rear warehouse units totaling 6,000+ SF each with ceiling heights up to 18 feet
- Warehouse bays feature three 14 ft roll‑up doors and are fully sprinkled
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 21801, MD
31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Central Salisbury mixed-use complex with fully sprinkled rear warehouse bays, roll-up doors, and dual access from Rt 13 North and Dover Street.
Where is this mixed-use property located?
The property is located at 1517 N Salisbury Boulevard Salisbury, MD.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prominent mixed‑use complex in central Salisbury, zoned Central Business District (CBD) and located in an Opportunity Zone; Two rear warehouse units totaling 6,000+ SF each with ceiling heights up to 18 feet; Warehouse bays feature three 14 ft roll‑up doors and are fully sprinkled
