2420 Salisbury Blvd Salisbury, MD 21801
- Strip malls
- 22,500 SF
- 2.69 lot acres
Current Use by Public Records
- Katie Gilbert / Physical Therapist
- H&R Block / Tax Consultant / Tax Preparation Service
- Arlo Scarlett Salon / Hair Salon
- Cricket Wireless Authorized Retailer / Cell Phone Store
- Lendmark Financial Services LLC / Loan Agency / Car Finance And Loan Company
Property Details for 2420 Salisbury Blvd
- Year built
- 1994
- Construction
- BRICK
- Lot size
- 2.69 lot acres
- Property size
- 22,500 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 05-034876
- APU
- 5034876
Description
This 1,600 square foot retail or professional space is situated in the vibrant Lotus Plaza Shopping Center on North Route 13 in Salisbury, Maryland. Currently set up as a hair salon, the space features a large open area at the front, a central section with plumbing for two shampoo bowls, two private offices, a storage closet, and a private bathroom. All existing fixtures, furniture, and equipment (FF&E) will be removed prior to occupancy, providing a blank canvas for your business. The property is located in a Class A shopping center with strong national and local tenants including Jersey Mike's Subs, ATI Physical Therapy, Cricket Mobile, and H&R Block, ensuring high visibility and foot traffic. The center benefits from its proximity to the Salisbury Mall, a major retail destination with consistently high traffic counts exceeding 35,000 vehicles per day. Furthermore, the property's location is less than a quarter-mile from the Salisbury Bypass, providing excellent access and convenient commuting for customers and employees. The property sits on a 2.69-acre lot. This prime location offers an exceptional opportunity for a variety of businesses seeking high visibility and convenient access in a thriving retail environment. The space is available immediately.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $765,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $775,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $785,000
- Geo Method
- $880,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $840,000
- Retail
- $910,000
- Mixed-Use
- $1,000,000
- Hospitality
- $770,000
- Educational
- $990,000
- Residential Income
- $1,000,000
- Energy
- $985,000
- Income-Based Land
- $960,000
- Food Service
- $830,000
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5694
- Latitude
- 38.4048
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA