2604 Old Ocean City Rd, Salisbury, MD 21804-4629
Exceptional opportunity to acquire a Class A, 4,385 square foot free-standing executive office building in Salisbury, Maryland. This property, situated on a 2.21-acre lot, boasts a tranquil setting with mature landscaping and ample parking (30 spaces with room for expansion). Located at a highly visible lighted intersection, this building offers excellent exposure and accessibility. The single-tenant building features a large conference room, private offices, and a full kitchen. A detached garage/storage building provides additional space. Previously used as an administrative office, this property is ideal for businesses seeking a professional yet comfortable environment. The location offers proximity to numerous amenities and major traffic routes. Importantly, this property is situated adjacent to city limits, resulting in no city property taxes. Offered at $499,999 ($114.02/SF). This is a rare opportunity, having been on the market for the first time in 30 years. The property is currently vacant, presenting a blank canvas for your business needs.
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Carpenter Joan G Physician
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Dr. Deanna Schloemer Physician
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Christina Flamos Physician
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Janga Phillips Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R15 · Salisbury, MDSalisbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.