$2,199,000
1517 N Salisbury Blvd, Salisbury, MD, 21801
25,500
Square feet
1.00
Acre
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.
Listing Details
| Office | NAI Coastal |
|---|---|
| Contact Info | (410) 543-5115 |
Facts & Features
| MLS® # | MDWC2016688 |
|---|---|
| Price | $2,199,000 |
| Bathrooms | 0.00 |
| Square Footage | 25,500 |
| Acres | 1.00 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 1517 N Salisbury Blvd |
|---|---|
| Area | Wicomico Northeast (23-02) |
| City | Salisbury |
| County | WICOMICO-MD |
| State | MD |
| Municipality | Salisbury |
| Zip Code | 21801 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump - Electric BackUp |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Stucco |
|---|
School Information
| District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|---|
| High | WICOMICO |
Additional Information
| Date Listed | February 10th, 2025 |
|---|---|
| Days on Market | 93 |
| Zoning | GC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |