307 Civic AveSalisbury, MD 21804

Property Details for 307 Civic Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.88 AC

Property size (Sq ft)

57,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

05-086108

APU

5086108

Description

Exceptional commercial land opportunity in Salisbury, Maryland, awaits development. This 2.06-acre site offers 89,750 square feet of build-to-suit potential, ideally situated on Mount Hermon Road. Its strategic location provides unparalleled access to high traffic volume, boasting proximity to the bustling Twilley Center, a well-established retail and professional hub. Less than a quarter-mile from Route 50, a major thoroughfare connecting to Ocean City, this property benefits from an average daily traffic count of nearly 40,000 vehicles, ensuring consistent visibility and accessibility for any business. This presents a unique chance to establish a presence in a thriving commercial area with a strong existing customer base. The property is zoned for commercial use and is available for build-to-suit leasing, with starting rates negotiable at $23 per square foot. This flexible approach allows for customized development to meet specific business needs, making it an attractive proposition for a variety of commercial ventures. Located in Wicomico County, Maryland, with a Salisbury address and zip code 21804, this property offers a prime location for businesses seeking high visibility and convenient access to major transportation routes. Seize this opportunity to establish your business in a high-traffic, well-established commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $11,282,100

  6.5%

  $10,414,300

  7%

  $9,670,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,547,140

  Geo Method

  $3,762,020

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,284,100

  Mixed-Use / Specialty

  $10,387,200

  Hospitality / Lodging

  $7,633,730

  Office

  $10,335,900

  Institutional / Educational

  $10,802,000

  Residential Income

  $12,638,400

  Multifamily

  $15,102,400

  Automotive / Energy

  $9,258,880

  Parking / Income-Based Land

  $3,185,250

  Restaurant / Food Service

  $5,423,770

  Healthcare / Senior Housing

  $10,641,600

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3668

Longitude

-75.5729

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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