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Subdividable Retail Space with Offices
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232-260 Tilghman Rd, Salisbury, MD 21804

Retail space includes tile flooring, ceiling tiles, and lights, with offices upstairs, bathrooms, and potential subdivision.

Property Size27,423 SF
Days on Market1376

Property Features for 232-260 Tilghman Rd

General Information

Standard status Active
Size 27,423 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: SVN - Miller | Salisbury
Listed By: Tonney Insley · License #653457
Source: Moodyscre
Added: Oct 25, 2022 Changed: Jul 28 Last Checked: Jul 30 at 10:57AM

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 SVN - Miller | Salisbury

Investment Insights

Based on property information with market context.

A total of 27,423 square feet of retail space is available and may be subdivided. The layout includes possible loading docks, offices upstairs, and several bathrooms. Interior finishes include tile flooring, ceiling tiles, and lights, and the space is described as being in very nice condition.

The property is located at 232-260 Tilghman Rd in Salisbury, Maryland. NNN fees are estimated at $2.35 per square foot.

The existing configuration supports both retail and back-of-house needs with upstairs office space and multiple bathrooms, along with potential loading capability for tenant operations.

Key Highlights

  • 27,423 sq. ft. of retail space available
  • Includes possible loading docks, offices upstairs, and several bathrooms
  • Features tile flooring, ceiling tiles, and lights

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Restaurant HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

448
Businesses Nearby
143k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Shops & Services 32% Groceries 24% Hotels & Casinos 1%
Food Lion Grocery Store Groceries
34,193 visits/mo 0.3 miles
McDonald's Dining
32,624 visits/mo 0.2 miles
Ollie's Bargain Outlet Shops & Services
23,124 visits/mo 0.3 miles
Dunkin' Donuts Dining
19,498 visits/mo 0.2 miles
Dollar Tree Shops & Services
10,551 visits/mo 0.3 miles

Demographics for 21804, MD

40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value

Market

Lease Benchmarks for Salisbury, MD

$12.25 /SF/Yr
Avg Asking Price
$1.41–$22 /SF/Yr
Price Range
4,750 SF
Avg Space Size

This space is priced 51% below the average of $12.25 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space includes tile flooring, ceiling tiles, and lights, with offices upstairs, bathrooms, and potential subdivision.
Where is this retail space located?
The property is located at 232-260 Tilghman Rd Salisbury, MD.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: 27,423 sq. ft. of retail space available; Includes possible loading docks, offices upstairs, and several bathrooms; Features tile flooring, ceiling tiles, and lights
(410) 543-2491 Call to check price and availability
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