Divisible Retail
2320 N SALISBURY BOULEVARD, Salisbury, MD 21801
For Sale
New
Contact for pricing
Storefront glazing, restrooms, and a rear receiving door support a range of retail layouts.
Property Size4,960 SF
Price / SF$0.00
Days on Market5
Property Features for 2320 N SALISBURY BOULEVARD
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
glass storefront
restrooms
rear delivery door
Building Details
Year Built
Tenancy
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Chris Peek · License MD #27688
(410) 603-9112
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 4,960-square-foot retail space was built in 1993 and can be configured as a single premises or divided. Existing features include a glass storefront, restrooms, and a rear door for deliveries and storage. The property is part of a two-tenant building alongside Banfield Pet Hospital.
The space sits at the entrance to The Centre at Salisbury, near US Route 13, with 30+ parking spaces. MDOT SHA recorded traffic of 38,582 vehicles per day in 2024.
The space sits at the entrance to The Centre at Salisbury, near US Route 13, with 30+ parking spaces. MDOT SHA recorded traffic of 38,582 vehicles per day in 2024.
Key Highlights
- 4,960 SF of divisible retail space
- Glass storefront, restrooms, and rear delivery access
- 30+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,090,760
$2.1M
Cap Rate 7%
$1,493,400
$1.5M
Cap Rate 9%
$1,161,533
$1.2M
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$168.4K $33.96/SF
− Vacancy
−$19.1K −$3.85/SF
EGI
$149.3K $30.11/SF
− OpEx
−$44.8K −$9.03/SF
NOI
$104.5K $21.08/SF
Area
Wicomico County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,090,760
Cap Rate 7%
$1,493,400
Cap Rate 9%
$1,161,533
Alternative Uses
Best Use
Retail
$1.49M
$1.31M – $1.74M
NOI $104,538 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,453 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
394k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 34%
Shops & Services 9%
Leisure 8%
Boscov's
Apparel
83,221 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
48,133 visits/mo
0.3 miles
Regal Cinemas
Leisure
33,148 visits/mo
0.4 miles
Burlington
Apparel
30,051 visits/mo
0.1 miles
Olive Garden
Dining
22,488 visits/mo
0.1 miles
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
$286,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Wicomico County, MD
Properties on Market for Retail space in Wicomico County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Storefront glazing, restrooms, and a rear receiving door support a range of retail layouts.
Where is this retail space located?
The property is located at 2320 N SALISBURY BOULEVARD Salisbury, MD.
What are key features of this property?
This property features: 4,960 SF of divisible retail space; Glass storefront, restrooms, and rear delivery access; 30+ parking spaces
