1628 N Salisbury Blvd Salisbury, MD 21801
For Lease
1 / 8
This single-story, 18,560-square-foot retail building located at 1628 N Salisbury Blvd in Salisbury, Maryland, presents a unique investment opportunity. Constructed in 1997, the property sits on a single building in Wicomico County and currently features a single tenant, Pep Boys, operating under a long-term ground lease. The existing Pep Boys operation occupies a portion of the building, focusing on tire and auto repair services. However, a significant portion of the building, totaling 9,735 square feet, is currently vacant and available for lease. This vacant space offers considerable flexibility for a variety of uses. Potential tenants could include medical facilities (dialysis centers, plasma centers), childcare centers, pet daycares, discount retailers, furniture stores, tool and hardware stores, or automotive-related businesses that do not directly compete with the existing Pep Boys tire and repair services (e.g., collision centers, auto glass repair shops, or auto parts stores that focus on a different niche). The building's size allows for flexibility, with spaces ranging from approximately 3,200 to 11,500 square feet. Negotiable cash allowances may be available for suitable tenants, contingent upon a rent structure that ensures a reasonable return on investment for property improvements. This property offers a strong location in Salisbury, Maryland, with excellent visibility and access.
-
Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
GC · Salisbury, MDSalisbury. Always verify with local authorities before improvements.
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.