1503 Salisbury Blvd, Salisbury, MD 21801-7128
This exceptional 3,050 square foot, two-story office building presents a unique opportunity for businesses seeking high visibility and convenient access. Located at 1503 S Salisbury Boulevard in Salisbury, Maryland (zip code 21801), this all-brick property sits on a 0.29-acre lot and boasts a prime location near Salisbury University and numerous other businesses. The building's former use as a bank provides unique features including six offices, a break/lunch room, five former teller stations easily adaptable to additional office or conference space, thirteen parking spaces, a secure bank vault with safe deposit boxes, and a two-lane drive-thru. The property benefits from a lighted monument sign and is situated at a highly visible, lighted intersection ensuring significant traffic exposure. The entire 3,050 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property is ideal for a variety of businesses, including but not limited to banks, quick-service restaurants with drive-thrus, insurance companies, law firms, accounting firms, financial planners, or real estate companies. The property is classified as Office, Retail, with subtypes including Executive Office, Medical Office, Bank, and Storefront. The tenancy is single.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.