Property profile

2420 N Salisbury Blvd Salisbury, MD 21801

FOR LEASE
Strip malls
Property ID
US40-0935315
22,500 SF 2.69 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction BRICK
Total area 22,500 SF
Lot 2.69 ac (117,176 SF)
APN 05-034876
UPID US40-0935315

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
  • Physician
  • Tax Preparation
  • Hair Salon
  • Mobile Phone Store Electronics & Wireless Store
  • Loan Service

Location

2420 N Salisbury Blvd Salisbury, MD 21801
Salisbury metro Census 10101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$913k
Blend (final) Blend
$765k

Owner & transaction history

since 2020
4 recorded transactions
2026
Price N/A
2020
Price N/A
1969
Price N/A
1969
Price N/A

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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More about this property
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