32057 Beaver Run DrSalisbury, MD 21804

Property Details for 32057 Beaver Run Dr

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.07 AC

Property size (Sq ft)

4,550 SF

Zone code

AR

Property type

Office buildings

APN

05-106400

APU

5106400

Description

This exceptional 4,550 square foot office building is strategically located on Route 50 (Ocean Gateway) in Salisbury, Maryland's Beaver Run Business Park, boasting high visibility and convenient access. Situated on a 1.07-acre lot, the property offers ample private parking with 27 spaces. The building enjoys a prime location near major intersections, including Walston Switch Road, placing it in the heart of Salisbury's commercial activity. Neighboring businesses include Chesapeake Healthcare, Salisbury Musculoskeletal Clinic, 7-Eleven, Delmarva Power Sports, Pool Tech, Coastal Comfort Heat & Air, Spicer Bros. Construction, and Sandpiper Energy. Across Route 50 are Wor-Wic Community College, Royal Farms, and Arby's, with Perdue Corp. Headquarters also nearby. The building itself is zoned LBI (Light Business Institutional) and features two front entry doors and a double back door. The first floor offers mostly open finished space, a private office, a bathroom, and a reception area. The upstairs includes three additional offices, open space, another bathroom, and storage. The property includes lighted building signage and significant road frontage on Route 50, providing excellent branding opportunities. This location offers easy access to Ocean City, Maryland, approximately 30 minutes away. The asking price is $799,900.

• CAP approach

  CAP return

  Valuation

  6%

  $782,150

  6.5%

  $721,985

  7%

  $670,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,922

  Geo Method

  $286,240

• Alternative Use

  Use

  Valuation

  Residential

  $895,262

  Hospitality

  $820,055

  Educational

  $682,276

  Medical

  $705,740

  Retail

  $1,061,318

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3765

Longitude

-75.5016

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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