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    FOR SALE
    Retail properties & Spaces

    2304 N Salisbury Blvd, Salisbury, MD 21801

    137,849 SF 10.27 ac lot Built 1990
    Entity Owned 29-yr Hold Absentee Owner Free & Clear
    Property ID
    US40-1451001
    Property summary
    AI-generated overview

    This exceptional 137,849-square-foot shopping center in Salisbury, Maryland, presents a compelling investment opportunity. Situated on a 10.27-acre lot, this commercially zoned property boasts an enviable location at 2304 N Salisbury Blvd, 21801. The center is part of a larger 862,000-square-foot super regional mall, anchored by well-known national retailers such as Boscov's, Dick's Sporting Goods, a 16-screen Regal Cinemas theater, HomeGoods, and Burlington. This strategic location provides outstanding visibility and accessibility, with excellent signage opportunities along Route 50 and Route 15, ensuring high traffic flow and brand exposure. The property benefits from its designation as an Opportunity Zone, offering potential tax advantages for investors. The property's size and established tenant base make it an ideal acquisition for investors seeking a strong return on investment in a thriving retail market. The property is currently offered for sale and presents a rare chance to acquire a significant retail asset in a desirable location. Detailed financial information and lease terms are available upon request.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 1990
    Construction BRICK
    Total area 137,849 SF
    Lot 10.27 ac (447,361 SF)
    Zoning code GC
    APN 05-107113
    UPID US40-1451001
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Finish Line Clothing & Fashion Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $15.55M
    Blend (final) Blend
    $11.58M
    Owner & transaction history
    MACYS RETAIL HOLDINGS INC
    MACYS RETAIL HOLDINGS INC
    Zoning & alternative use
    GC · Salisbury, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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