Property profile

2304 N Salisbury Blvd Salisbury, MD 21801

FOR SALE
Retail properties & Spaces
Property ID
US40-1451001
137,849 SF 10.27 ac lot Built 1990
Entity Owned 29-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Location

2304 N Salisbury Blvd Salisbury, MD 21801
Salisbury metro Census 10603 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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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

Zoning & alternative use

GC · Salisbury, MD
Zoning description

The purpose of the general commercial district is to provide a wide range of functional and attractive regional retail, office, service, wholesale, storage, distributing and light manufacturing activities, to alleviate p…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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