901 Salisbury BlvdSalisbury, MD 21801

Property Details for 901 Salisbury Blvd

Year built

2008

Construction

STEEL FRAME

Lot size

1.11 AC

Property size (Sq ft)

2,880 SF

Zone code

GC

Property type

Warehouses

APN

13-041288

APU

13041288

Description

This exceptional 1,000-square-foot retail space, located within the North Salisbury Plaza at 901 N Salisbury Blvd, Salisbury, MD 21801, presents a fantastic opportunity for businesses seeking high visibility and convenient access. Situated in Wicomico County's Salisbury submarket, this single-tenant unit (Unit E) is part of a larger 13,000-square-foot commercial building, built in 1990 and extensively renovated in 2022. The property boasts ample on-site parking and multiple access points, ensuring ease of access for customers and employees. Its prime location directly on Route 13 provides exceptional highway frontage with over 25,000 daily traffic counts, guaranteeing significant exposure for your business. The recently updated building facade, featuring new siding, offers an excellent opportunity for prominent signage, allowing for maximum brand visibility. The C-2 General Commercial zoning ensures flexibility for a wide range of retail uses. This is the only vacant unit in the center, making it a unique and highly desirable opportunity. Don't miss this chance to establish your business in a thriving Salisbury location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,100,590

  6.5%

  $1,015,930

  7%

  $943,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,328

  Geo Method

  $289,889

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $521,597

  Mixed-Use / Specialty

  $520,236

  Hospitality / Lodging

  $382,330

  Office

  $517,665

  Institutional / Educational

  $541,014

  Residential Income

  $632,986

  Multifamily

  $756,406

  Automotive / Energy

  $463,726

  Parking / Income-Based Land

  $159,534

  Restaurant / Food Service

  $271,643

  Healthcare / Senior Housing

  $532,981

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.3737

Longitude

-75.5925

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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