243 Main StSalisbury, MD 21801

Property Details for 243 Main St

Year built

1880

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

3,303 SF

Zone code

CB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

09-058664

APU

9058664

Description

This exceptional 1,101 square foot office space is ideally situated on the corner of West Main and Mill Streets, offering unparalleled visibility and accessibility. Located within a three-story, 3,303 square foot building constructed in 1880 and extensively renovated in 2015, this single-tenant space presents a unique opportunity. The first-floor unit boasts a thoughtfully designed layout, including three individual offices, a welcoming lobby area, and a convenient bathroom. The property benefits from high traffic counts, ensuring significant exposure for your business. Ample parking is readily available for clients and employees. The building itself is a single structure with no elevators. This turnkey solution requires no further investment, allowing you to focus on your business operations immediately. The property is located in Wicomico County and offers a blend of historic charm and modern functionality. This is a rare opportunity to secure a well-maintained, highly visible office space in a desirable location. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $533,845

  6.5%

  $492,780

  7%

  $457,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,948

  Geo Method

  $207,792

• Alternative Use

  Use

  Valuation

  Residential

  $611,047

  Hospitality

  $559,716

  Educational

  $465,677

  Medical

  $481,692

  Retail

  $724,386

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3654

Longitude

-75.6032

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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