Property profile

110 Main St Salisbury, MD 21801

OFF-MARKET
Office buildings
Property ID
US40-0585546
8,679 SF 0.09 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space, located at 110 West Main Street in Salisbury, Maryland, offers 3,590 square feet of immediately available space on the first floor of a three-story, Class B building. The property boasts a total of 8,680 square feet and sits on a 0.09-acre lot in the heart of the Central Business District (CBD), zoned accordingly. The building features multiple tenancies, providing a vibrant and collaborative environment. This location offers unparalleled convenience, with easy walking access to government offices, courthouses, and a regional hospital. Enjoy the thriving atmosphere of downtown Salisbury, surrounded by a variety of restaurants, cafes, bakeries, and retail shops. The landlord is prepared to complete tenant improvements, making this space easily adaptable to your specific business needs. The asking rent is $12 per square foot gross, plus utilities, with pricing subject to adjustment based on the extent of build-out required. This is a rare opportunity to establish your business in a highly desirable and accessible location. The property's address is 110 W. Main Street, Salisbury, MD 21801, within Wicomico County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction BRICK
Total area 8,679 SF
Lot 0.09 ac (3,975 SF)
APN 09-046399
UPID US40-0585546

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

110 Main St Salisbury, MD 21801-4905
Salisbury metro Census 200 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$915k
Blend (final) Blend
$860k

Owner & transaction history

since 2023
Last sale
$735,000
4 recorded transactions
2023
$735,000
2019
Price N/A
2018
$225,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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