404 Fruitland BlvdFruitland, MD 21801

Property Details for 404 Fruitland Blvd

Year built

1966

Construction

BRICK

Lot size

9.25 AC

Property size (Sq ft)

85,540 SF

Zone code

C

Property type

Retail properties

Property subtype

Community centers

APN

16-000779

APU

16000779

Description

This exceptional retail opportunity presents 12,100 square feet of vacant space within the Fruitland Center, a multi-tenant retail property located at 404 N Fruitland Blvd, Salisbury, MD 21801. The center boasts a total of 84,331 square feet of retail space, ensuring high visibility and ample foot traffic. This particular pad offers significant potential for a variety of retail uses, benefiting from its prime location in Wicomico County. The property features convenient parking, with a ratio of 4.5 spaces per 1,000 square feet. The address is conveniently situated in Fruitland, Maryland, offering easy access for customers and employees. This is an ideal location for businesses seeking high visibility and strong customer accessibility. The available space is ready for immediate occupancy, providing a unique chance to establish or expand your retail presence in a thriving market. The property is classified as a retail pad within a larger multi-tenant retail center, offering the benefits of shared amenities and a strong tenant mix. This is a rare opportunity to secure a significant retail space in a desirable location. Contact us today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $20,323,236

  6.5%

  $18,759,910

  7%

  $17,419,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,592,223

  Geo Method

  $13,560,930

• Alternative Use

  Use

  Valuation

  Residential

  $15,824,686

  Hospitality

  $14,495,327

  Educational

  $12,059,942

  Medical

  $12,474,702

  Retail

  $18,759,910

Location Insight

City

Fruitland

County

Wicomico

State

Maryland

Latitude

38.3307

Longitude

-75.6139

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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