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    OFF-MARKET
    Land

    0 Summer Dr, Salisbury, MD 21804

    1.51 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity presents multiple commercial land parcels totaling approximately 12.42 acres within the highly visible Moore View Business Park in Salisbury, Maryland. Strategically located at the lighted intersection of Ocean Gateway and Walston Switch Road, east of the Route 50/Route 13 interchange, this property boasts excellent visibility and highway frontage. Ideal for a variety of commercial developments, including office, warehouse, self-storage, and retail uses (such as fast-casual restaurants or medical offices). The park enjoys a strong existing tenant base, including Royal Farms, Arby's, and Wor-Wic Community College. Individual lots are available for purchase, ranging in size from approximately 1.51 to 2.6 acres, with prices varying per acre. Lot 3 (1.51 acres) is priced at $215,000 per acre, Lot 4 (2.6 acres) at $199,000 per acre, Lot 5 (1.93 acres) at $94,000 per acre, and Lot 6 (1.51 acres) at $99,000 per acre. Alternatively, the entire 12.42 acres can be purchased for $1,150,000. Note that lot lines and acreage are approximate, pending final subdivision. This prime location and significant price reduction make this a compelling investment opportunity. The property features Route 50 frontage on the eastbound lane.

    Property profile
    Verified
    Property type Land
    Lot 1.51 ac (65,776 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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