Dallas Dr, Salisbury, MD 21801
This exceptional 6.23-acre commercial development parcel presents a unique investment opportunity in Salisbury, Maryland. Boasting unparalleled visibility on US Route 50/Ocean Gateway, this property offers significant potential for a wide range of commercial ventures. The strategic location provides easy access from two convenient side roads: Phillip Morris Drive and Beaglin Park Drive, ensuring excellent accessibility for customers and employees. The property is designated as PDD (Planned Development District), a flexible zoning classification that permits a diverse array of uses. These permitted uses encompass those allowed within the Light Business & Institutional District, Neighborhood Business District, and Select Commercial District zoning categories, providing considerable latitude in development plans. This translates to a multitude of possibilities for developers seeking a high-profile location with ample space for construction. The site's prominent position along US Route 50 guarantees substantial exposure to a high volume of daily traffic, making it an ideal location for businesses seeking maximum visibility and accessibility. This is a rare opportunity to acquire a large, strategically located commercial parcel in a thriving area. The property's size and zoning flexibility make it suitable for a variety of projects, from retail and office spaces to restaurants and other commercial establishments. Serious inquiries are encouraged. The asking price is $623,000. This property is located at 0 Dallas Drive, Salisbury, MD. The property is situated in an Opportunity Zone, offering potential tax advantages.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.