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    FOR LEASE
    Retail space

    2320 N Salisbury Blvd, Salisbury, MD 21801

    8,960 SF 1.54 ac lot Built 1993
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US40-1295795
    Property summary
    AI-generated overview

    This exceptional retail storefront opportunity is located at 2320 N Salisbury Blvd in Salisbury, Maryland, within Wicomico County. The property boasts a highly visible location on US Route 13 at the entrance to the Centre at Salisbury, ensuring significant foot and vehicle traffic. The building, constructed in 1993, offers a total of 8,960 square feet, with 4,960 square feet currently available for lease. This single-tenant space features a spacious, open floor plan ideal for a variety of retail uses. The layout includes convenient rear access for deliveries and ample storage space. The property sits on a sizable 1.54-acre lot, providing more than 30 parking spaces for customer convenience. This prime location and substantial space make this an excellent opportunity for businesses seeking high visibility and accessibility in a thriving retail area. The property's size and prominent location offer significant potential for a wide range of retail ventures. The ample parking ensures ease of access for customers and employees. This is a rare opportunity to secure a well-positioned retail space in a busy commercial area. The zip code is 21801.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1993
    Construction BRICK
    Total area 8,960 SF
    Lot 1.54 ac (67,082 SF)
    Zoning code GC
    APN 05-107199
    UPID US40-1295795
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Banfield Pet Hospital Veterinary Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.37M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $1.29M
    Owner & transaction history
    Cross Lake LLC · 5 yrs held
    Cross Lake LLC
    since 2021
    Last sale
    $925,000
    1 recorded transaction
    2021
    $925,000
    Zoning & alternative use
    GC · Salisbury, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $1.8M +10.8%
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