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    Hampshire Dr & Northgate Dr Salisbury, MD 21801

    Sponsored
    For Sale
    $450,000

    1.39 Acres, General Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.39-acre commercial lot is ideally situated in Salisbury, Maryland, at the intersection of Hampshire Drive and Northgate Drive, within Wicomico County (zip code 21801). Zoned for General Commercial use, this property offers exceptional flexibility for a wide range of businesses, including retail, shopping centers, offices, service industries, wholesale operations, warehousing, and light industrial uses. Its strategic location provides easy access to major thoroughfares like US Route 13 (less than a quarter-mile away) and the US Route 50 bypass, ensuring high visibility and convenient access for customers and employees. The property's adjacency to Sam's Club and proximity to other major retailers such as Walmart, Lowe's, Target, Marshalls, and Applebee's guarantees high traffic and strong consumer presence. The asking price is $450,000, translating to approximately $358,993 per acre. This represents a compelling investment opportunity in a thriving commercial corridor. The property is located within Salisbury city limits.

    Property Features for 0 Hampshire Dr & Northgate Dr

    General Information

    Property type
    Land
    Lot Size
    60,548 SF

    HighLights

    • 1.39‑acre commercial lot zoned General Commercial.
    • Prime Salisbury, MD location near Sam's Club, Walmart, Lowe's, Target, Marshalls, and Applebee's.
    • Excellent access to US Route 13 and US Route 50 Bypass.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.570993346236
    Latitude
    38.41456326723

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    FAQs

    What type of property is this?
    Land - 1.39 Acres, General Commercial Zoning
    Where is this land located?
    The property is located at Hampshire Dr & Northgate Dr Salisbury, MD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.39-acre commercial lot zoned General Commercial.; Prime Salisbury, MD location near Sam's Club, Walmart, Lowe's, Target, Marshalls, and Applebee's.; Excellent access to US Route 13 and US Route 50 Bypass.
    (410) 543-2420
    Request Owner's contact information
    Hampshire Dr & Northgate Dr Salisbury, MD 21801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hampshire Dr & Northgate Dr Salisbury, MD 21801
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