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    2304 Salisbury Blvd Salisbury, MD 21801

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    For Sale
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    Prime Retail Center, 137,849 SF

    Property size:
    137,849 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 137,849-square-foot shopping center in Salisbury, Maryland, presents a compelling investment opportunity. Situated on a 10.27-acre lot, this commercially zoned property boasts an enviable location at 2304 N Salisbury Blvd, 21801. The center is part of a larger 862,000-square-foot super regional mall, anchored by well-known national retailers such as Boscov's, Dick's Sporting Goods, a 16-screen Regal Cinemas theater, HomeGoods, and Burlington. This strategic location provides outstanding visibility and accessibility, with excellent signage opportunities along Route 50 and Route 15, ensuring high traffic flow and brand exposure. The property benefits from its designation as an Opportunity Zone, offering potential tax advantages for investors. The property's size and established tenant base make it an ideal acquisition for investors seeking a strong return on investment in a thriving retail market. The property is currently offered for sale and presents a rare chance to acquire a significant retail asset in a desirable location. Detailed financial information and lease terms are available upon request.

    Property Features for 2304 Salisbury Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    137,849 SF
    Lot Size
    447,361 SF

    HighLights

    • 137,849 square feet or 10.27 acres available for sale
    • 862,000‑square‑foot super‑regional mall anchored by Boscov's, Dick's Sporting Goods, Regal Cinemas, HomeGoods, and Burlington
    • Excellent visibility and signage on Routes 50 and 15
    • Located in an Opportunity Zone
    • Commercially zoned
    Property Profile Location Intelligence

    Current Use by Public Records

    Finish Line Children'S Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5675158
    Latitude
    38.3979933

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Center, 137,849 SF
    Where is this lifestyle center located?
    The property is located at 2304 Salisbury Blvd Salisbury, MD.
    What are key features of this property?
    This property features: 137,849 square feet or 10.27 acres available for sale; 862,000-square-foot super-regional mall anchored by Boscov's, Dick's Sporting Goods, Regal Cinemas, HomeGoods, and Burlington; Excellent visibility and signage on Routes 50 and 15
    Request Owner's contact information
    2304 Salisbury Blvd Salisbury, MD 21801
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    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
    2304 Salisbury Blvd Salisbury, MD 21801
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