1503 Salisbury BlvdSalisbury, MD 21801

Property Details for 1503 Salisbury Blvd

Year built

2008

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

2,600 SF

Property type

Retail properties

Property subtype

Banks

APN

13-034958

APU

13034958

Description

This exceptional 3,050 square foot, two-story office building presents a unique opportunity for businesses seeking high visibility and convenient access. Located at 1503 S Salisbury Boulevard in Salisbury, Maryland (zip code 21801), this all-brick property sits on a 0.29-acre lot and boasts a prime location near Salisbury University and numerous other businesses. The building's former use as a bank provides unique features including six offices, a break/lunch room, five former teller stations easily adaptable to additional office or conference space, thirteen parking spaces, a secure bank vault with safe deposit boxes, and a two-lane drive-thru. The property benefits from a lighted monument sign and is situated at a highly visible, lighted intersection ensuring significant traffic exposure. The entire 3,050 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This property is ideal for a variety of businesses, including but not limited to banks, quick-service restaurants with drive-thrus, insurance companies, law firms, accounting firms, financial planners, or real estate companies. The property is classified as Office, Retail, with subtypes including Executive Office, Medical Office, Bank, and Storefront. The tenancy is single.

• CAP approach

  CAP return

  Valuation

  6%

  $617,728

  6.5%

  $570,210

  7%

  $529,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $382,742

  Geo Method

  $412,186

• Alternative Use

  Use

  Valuation

  Residential

  $480,994

  Hospitality

  $440,587

  Educational

  $366,564

  Medical

  $379,170

  Retail

  $570,210

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.339

Longitude

-75.6062

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].