820 Main StSalisbury, MD 21804

This 3,750 square foot executive office building in Salisbury, Maryland, presents a compelling value-add investment opportunity. Located at 820 E Main St, this single-story, Class B property boasts a prime location at a highly trafficked five-point intersection between Routes 13 and 50. Currently featuring three suites with one tenant, the building offers a 66% occupancy rate, generating a current NOI of $23,394.71 and a 6.15% cap rate. Significant upside potential exists through leasing the remaining vacant space (1250 sq ft), projected to increase NOI to $37,746 and a pro-forma cap rate of 9.93%. The property, built in 1973 and renovated in 2020, is zoned C2 and features a Net Net lease with rent bumps. The current lease expires February 28, 2026. The building is well-maintained and easily managed, making it an attractive option for both investors seeking strong returns and owner-users looking to generate additional income. The asking price is $380,000, representing a price per square foot of $101.33.