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Property profile & analytics
FOR SALE
Strip malls

307 Civic Ave Salisbury, MD 21804

57,500 SF 3.88 ac lot Built 1978
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US40-1287500
Property summary
AI-generated overview

Exceptional commercial land opportunity in Salisbury, Maryland, awaits development. This 2.06-acre site offers 89,750 square feet of build-to-suit potential, ideally situated on Mount Hermon Road. Its strategic location provides unparalleled access to high traffic volume, boasting proximity to the bustling Twilley Center, a well-established retail and professional hub. Less than a quarter-mile from Route 50, a major thoroughfare connecting to Ocean City, this property benefits from an average daily traffic count of nearly 40,000 vehicles, ensuring consistent visibility and accessibility for any business. This presents a unique chance to establish a presence in a thriving commercial area with a strong existing customer base. The property is zoned for commercial use and is available for build-to-suit leasing, with starting rates negotiable at $23 per square foot. This flexible approach allows for customized development to meet specific business needs, making it an attractive proposition for a variety of commercial ventures. Located in Wicomico County, Maryland, with a Salisbury address and zip code 21804, this property offers a prime location for businesses seeking high visibility and convenient access to major transportation routes. Seize this opportunity to establish your business in a high-traffic, well-established commercial area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 57,500 SF
Lot 3.88 ac (169,013 SF)
APN 05-086108
UPID US40-1287500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shore Appliance Connection Inc. Home Appliance Store Hardware & Home Improvement
  • Kitchen Design & Millwork Hardware & Home Improvement Kitchen & Bath Showroom
  • Prom & Bridal Shop - by Dryden Dress Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.55M
Blend (final) Blend
$1.83M
Owner & transaction history
Milford W Twilley INC · 6 yrs held
Milford W Twilley INC
since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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