1517 N SALISBURY BLVD new to site Save Request In-Person Tour Request Virtual Tour
Salisbury,MD 21801
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 24,720 sqft
Price per Sqft $91
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