MD > Salisbury
Salisbury, MD 21801,1517 N SALISBURY BLVD
Salisbury, MD 21801,1517 N SALISBURY BLVD
Salisbury, MD 21801,1517 N SALISBURY BLVD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
24
May
Sun
25
May
Mon
26
May
Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by George Timothy Merritt • NAI Coastal
$2,199,000
Est. payment /mo
24,720 SqFt
Save

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

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

Source BRIGHT

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

Read Less Info
Bright MLS (BMLS)
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Simone Velvel, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1517 N SALISBURY BLVD

QUICK SEARCH
 
There are 30 quick searches