919 Ellegood StSalisbury, MD 21801

Property Details for 919 Ellegood St

Year built

1979

Construction

BRICK

Lot size

2.16 AC

Property size (Sq ft)

3,900 SF

Zone code

I

Property type

Office buildings

APN

09-008187

APU

9008187

Description

This exceptional 4,820-square-foot executive office space in Salisbury, Maryland, presents a unique opportunity. Located at 919 Ellegood St, in Wicomico County, this Class B building offers a single-tenant occupancy. Previously used as a broadcasting studio, the property is ideally suited for media-related businesses or those requiring ample space and privacy. The layout includes dedicated studio space, separate office areas, a convenient kitchenette, and a welcoming reception area. Ample on-site parking is a significant advantage. The building's design offers flexibility, with the potential to utilize the existing tower for radio broadcasting purposes, subject to necessary permits and approvals. The entire 4,820 square feet is currently vacant and ready for immediate occupancy. This property is situated in Salisbury, MD, zip code 21801, offering a private and convenient location for your business. The property's history as a broadcasting studio provides a unique character and potential for creative adaptation. This is an excellent opportunity to secure a substantial, well-equipped office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $630,334

  6.5%

  $581,847

  7%

  $540,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $227,823

  Geo Method

  $245,349

• Alternative Use

  Use

  Valuation

  Residential

  $721,490

  Hospitality

  $660,881

  Educational

  $549,845

  Medical

  $568,755

  Retail

  $855,315

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.361

Longitude

-75.6172

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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