224 Main StSalisbury, MD 21801

Property Details for 224 Main St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

3,165 SF

Zone code

CBD

Property type

Office properties

Property subtype

Other office properties

APN

09-046631

APU

9046631

Description

This exceptional 3,165 square foot storefront, located at 224-226 West Main Street in Salisbury, Maryland's vibrant downtown, presents a unique opportunity. The property, a three-story Class C building constructed in 1900, offers a single-tenant space previously occupied by a dental practice. All dental equipment has been removed, and the landlord has completed minor cosmetic improvements. The layout currently includes nine exam rooms, each equipped with sinks, and three private offices. Two additional rooms in the rear are suitable for storage or other uses. A basement, currently recommended for storage, offers potential for future conversion and additional usable space. The property is adaptable for various uses, easily transitioning from its previous professional office configuration to a retail space. The landlord is open to negotiating tenant improvement allowances. While on-site parking is currently limited, a nearby parking garage is available, and public parking is expected to be restored in the near future. This corner unit offers excellent visibility and accessibility within the bustling downtown Salisbury area. The property is situated in Wicomico County, Maryland, and has a zip code of 21801.

• CAP approach

  CAP return

  Valuation

  6%

  $511,540

  6.5%

  $472,191

  7%

  $438,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $184,887

  Geo Method

  $199,110

• Alternative Use

  Use

  Valuation

  Residential

  $585,517

  Hospitality

  $536,330

  Educational

  $446,221

  Medical

  $461,567

  Retail

  $694,121

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3651

Longitude

-75.6029

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].