1516 Salisbury BlvdSalisbury, MD 21801

Property Details for 1516 Salisbury Blvd

Year built

1969

Construction

BRICK

Lot size

0.41 AC

Property size (Sq ft)

6,000 SF

Zone code

GC

Property type

Office buildings

APN

13-003955

APU

13003955

Description

This exceptional Class A executive office suite, totaling 1,800 square feet, is available for lease at 1516 S Salisbury Blvd in Salisbury, Maryland. Located in a highly visible, freestanding building on a 0.41-acre lot, this space boasts a recently renovated façade and benefits from exceptional daily traffic counts exceeding 28,000 vehicles. The property, built in 1969, offers a total of 6,000 square feet, with the available suite representing a portion of the building. The suite itself features a welcoming lobby/showroom area, perfect for client interaction, three private offices providing ample space for individual work or team collaboration, a convenient storage room, and a full bathroom. The building is situated in Wicomico County, offering easy access to Salisbury University, making it an attractive location for businesses seeking proximity to the university's vibrant community. The property's prime location on Route 13 ensures high visibility and accessibility for both employees and clients. This is one of two units within the building, currently shared with an established tenant. The available space presents a unique opportunity for businesses seeking a well-appointed, high-traffic location in a thriving area of Salisbury.

• CAP approach

  CAP return

  Valuation

  6%

  $969,745

  6.5%

  $895,149

  7%

  $831,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,497

  Geo Method

  $377,460

• Alternative Use

  Use

  Valuation

  Residential

  $1,109,985

  Hospitality

  $1,016,740

  Educational

  $845,916

  Medical

  $875,008

  Retail

  $1,315,869

Location Insight

City

Salisbury

County

Wicomico

State

Maryland

Latitude

38.336

Longitude

-75.6093

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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