MD > Salisbury
Salisbury, MD 21801,1517 N SALISBURY BLVD
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Salisbury, MD 21801,1517 N SALISBURY BLVD
Salisbury, MD 21801,1517 N SALISBURY BLVD
Salisbury, MD 21801,1517 N SALISBURY BLVD
Salisbury, MD 21801,1517 N SALISBURY BLVD
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Jordan Muirhead

Jordan Muirhead

+1(703) 615-8732
Listed by George Timothy Merritt • NAI Coastal
$ 2,199,000
Est. payment /mo
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Price Dropped by $51K

1517 N SALISBURY BLVD Salisbury, MD 21801

24,720 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 24,720 sqft

Price per Sqft $88

MLS Listing ID MDWC2016688

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $24,673

Tax Year 2024

Lot Size 0.999 Acres

Acres 1.0

Lot Dimensions 149.80 x 290.40

Property Sub-Type Retail

Property Description

Virginia Square is a fully leased and prominent mixed-use complex serving the central Salisbury area. Its anchor stores are Family Dollar with a 25 year leasing history and a freshly authorized 5 year option as well as Rent-a-Center with 23 years and almost 2 years remaining on its current term. It is zoned Central Business District (CBD) and is in the Opportunity Zone. The rear of the building has two 6000+sf warehouse units with a recently fenced/gated parking area. The complex offers parking for over 100 vehicles and boasts access from both Rt 13 North as well as Dover street. The warehouse units have three 14 ft roll up doors and ceiling heights up to 18 feet. The building is also fully sprinkled. This investment is being offered at a 7% CAP, Financials provided upon request.

Location

State MD

County Wicomico

Area Wicomico Northeast (23-02)

Zoning GC

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 105.0

Water Access N

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, No Stairs

Total Parking Spaces 105

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Wicomico

School District Wicomico County Public Schools

Others

Tax ID 2305005981

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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1517 N SALISBURY BLVD

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