Property summary
An office building located at the intersection of Ocean Gateway (Route 50) and Naylor Street in Salisbury, Maryland, situated on a 0.17-acre parcel with approximately 980 square feet of interior space. The building is configured with four office rooms, two bathrooms, and a kitchen, and includes seven private on-site parking spaces. It has frontage along Route 50, providing prominent exposure to traffic on that corridor. The property is within a zoning framework that allows potential conversion to residential use, such as a primary residence or residential rental, subject to Salisbury city inspections and approvals.
Property profile
VerifiedCap rate & NOI
Current use
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Freight Service Logistics Company
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the office and service residential district is to recognize those areas of the city where there exists a mixture of office, service and residential use and to foster the continuance of these uses with spec…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OSR · Salisbury, MDThe purpose of the office and service residential district is to recognize those areas of the city where there exists a mixture of office, service and residential use and to foster the continuance of these uses with spec…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the office and service residential district is to recognize those areas of the city where there exists a mixture of office, service and residential use and to foster the continuance of these uses with spec…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OSR in Salisbury, MD.
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