Property profile

2320 N Salisbury Blvd Salisbury, MD 21801

FOR LEASE
Retail space
Property ID
US40-1295795
8,960 SF 1.54 ac lot Built 1993
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail storefront opportunity is located at 2320 N Salisbury Blvd in Salisbury, Maryland, within Wicomico County. The property boasts a highly visible location on US Route 13 at the entrance to the Centre at Salisbury, ensuring significant foot and vehicle traffic. The building, constructed in 1993, offers a total of 8,960 square feet, with 4,960 square feet currently available for lease. This single-tenant space features a spacious, open floor plan ideal for a variety of retail uses. The layout includes convenient rear access for deliveries and ample storage space. The property sits on a sizable 1.54-acre lot, providing more than 30 parking spaces for customer convenience. This prime location and substantial space make this an excellent opportunity for businesses seeking high visibility and accessibility in a thriving retail area. The property's size and prominent location offer significant potential for a wide range of retail ventures. The ample parking ensures ease of access for customers and employees. This is a rare opportunity to secure a well-positioned retail space in a busy commercial area. The zip code is 21801.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Construction BRICK
Total area 8,960 SF
Lot 1.54 ac (67,082 SF)
Zoning code GC
APN 05-107199
UPID US40-1295795

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
  • Veterinary Clinic

Location

2320 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
$1.37M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.22M

Owner & transaction history

since 2021
Last sale
$925,000
1 recorded transaction
2021
$925,000

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
Top alternative use upside
Industrial (general) $1.8M +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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