Property profile

213 Main St Salisbury, MD 21801

OFF-MARKET
Retail space
Property ID
US40-1464259
29,515 SF 0.4 ac lot Built 1937
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail space, located at 213 W MAIN ST #101 in Salisbury, MD 21801, offers 1,000 square feet of prime commercial space in a single-tenant building. Built in 1937 and extensively renovated in 2019, this three-story building boasts a striking full-glass storefront, maximizing natural light and providing unparalleled visibility for your business. The property's location ensures high foot traffic, ideal for attracting customers. Ample signage opportunities further enhance the property's marketing potential. While there is no on-site parking, the central location offers easy access to public transportation and nearby parking options. The building includes elevators for convenient access to all three floors. This is a truly unique opportunity to establish your business in a vibrant downtown location within Wicomico County. The property's modern amenities and historic charm combine to create an exceptional retail space. This single-tenant occupancy ensures complete control and flexibility for your business operations. Don't miss this chance to secure a highly visible and desirable retail location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Construction BRICK
Total area 29,515 SF
Lot 0.4 ac (17,254 SF)
Zoning code CBD
APN 09-040064
UPID US40-1464259

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
  • Film Production Television Studio
  • Hair Salon
  • Hair Salon Nail Salon
  • Architectural And Engineering Model Maker
  • Business Service Center Corporate Office

Location

213 Main St Salisbury, MD 21801-4871
Salisbury metro Census 200 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.13M
Blend (final) Blend
$4.38M

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2020
Price N/A
2018
$900,000
2003
Price N/A
2002
$875,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Salisbury, MD
Zoning description

The purpose of the central business district is to maintain and strengthen the role of the downtown area as the community and regional center for a broad range of governmental, cultural, institutional, professional, busi…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Industrial (general) $6.0M +10.8%

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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