200 Cypress St Salisbury, MD 21801
- Strip malls
- 8,007 SF
- 14.15 lot acres
Current Use by Public Records
- Strip malls
Property Details for 200 Cypress St
- Year built
- 1965
- Construction
- BRICK
- Lot size
- 14.15 lot acres
- Property size
- 8,007 SF
- Zone code
- GC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 09-053905
- APU
- 9053905
Description
This exceptional 9,577-square-foot warehouse in Salisbury, Maryland, offers multiple divisible units ranging from 1,177 to 6,000 contiguous square feet. Currently fully vacant and available November 1, 2024, this standalone building boasts ample parking for 15+ vehicles. The property features six offices, a conference room, a kitchenette, and two restrooms. Its strategic location just off US Route 50 ensures easy access to major transportation routes. The building enjoys a highly desirable location directly across from the Twilley Shopping Center and within minutes of the Wicomico Convention Center, Wicomico High School, the Salisbury Zoo, and the upcoming "Old Mall" multi-family redevelopment project. Proximity to downtown Salisbury and numerous restaurants and businesses in East Salisbury adds to its appeal. This is a Modified Gross Lease
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,670,000
- 6.5%
- $3,660,000
- 7%
- $3,625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,375,000
- Geo Method
- $3,300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,640,000
- Retail
- $3,465,000
- Mixed-Use
- $3,110,000
- Hospitality
- $3,025,000
- Educational
- $3,435,000
- Residential Income
- $3,495,000
- Energy
- $3,140,000
- Income-Based Land
- $3,205,000
- Food Service
- $2,775,000
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.6075
- Latitude
- 38.3688
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
