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Property profile & analytics

2420 Salisbury Blvd Salisbury, MD 21801

  • Strip malls
  • 22,500 SF
  • 2.69 lot acres
For Sale
Last Sale
Sep 15, 2020
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US40-0935315
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Katie Gilbert / Physician
  • H&R Block / Tax Preparation
  • Arlo Scarlett Salon / Hair Salon
  • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
  • Lendmark Financial Services LLC / Loan Service

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
Shopping 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 Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $765,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $912,000
    Market price range: $562k - $2.32M
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $1,320,000
    Current use

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,630
$1,169,000
$598,400
$1,767,400
-
$1,169,000
$598,400
$1,767,400
More about this property
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