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    5 Summer Dr Salisbury, MD 21804

    For Sale
    Contact for pricing

    1.93 Acres, Excellent Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.93-acre commercial lot is located in the thriving Moore View Business Park in Salisbury, Maryland. Situated at the highly visible intersection of Ocean Gateway and Walston Switch Road, this property benefits from excellent highway frontage and easy access to the Route 50/Route 13 interchange. The lot is part of a larger development featuring established businesses such as Royal Farms, Arby's, and Wor-Wic Community College, ensuring high traffic and strong brand recognition. Ideal for a variety of commercial uses, including office, warehouse, or retail development. The location is particularly well-suited for fast-casual restaurants and professional/medical office users. The land is priced at $139,999 per acre, offering a compelling investment opportunity. Please note that lot lines are approximate, pending final subdivision. This property presents a rare chance to establish a business in a high-demand location with significant visibility and convenient access to major transportation routes. The area's strong economic base and established infrastructure make this an attractive proposition for developers and investors alike. Don't miss this opportunity to secure a prime commercial lot in a rapidly growing area.

    Property Features for 5 Summer Dr

    General Information

    Property type
    Land
    Lot Size
    84,071 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5509602
    Latitude
    38.3177376

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    FAQs

    What type of property is this?
    Land - 1.93 Acres, Excellent Visibility
    Where is this land located?
    The property is located at 5 Summer Dr Salisbury, MD.
    (410) 543-2440
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    5 Summer Dr Salisbury, MD 21804
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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
    5 Summer Dr Salisbury, MD 21804
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