1. Maryland
2. Salisbury
3. 1517 N SALISBURY BOULEVARD

1517 N SALISBURY BOULEVARD, Salisbury, MD 21801

Property Description

Virginia Square is a fully leased and prominent mixed-use complex serving the central Salisbury area. Its anchor stores are Family Dollar with a 25 year leasing history and a freshly authorized 5 year option as well as Rent-a-Center with 23 years and almost 2 years remaining on its current term. It is zoned Central Business District (CBD) and is in the Opportunity Zone. The rear of the building has two 6000+sf warehouse units with a recently fenced/gated parking area. The complex offers parking for over 100 vehicles and boasts access from both Rt 13 North as well as Dover street. The warehouse units have three 14 ft roll up doors and ceiling heights up to 18 feet. The building is also fully sprinkled. This investment is being offered at a 7% CAP, Financials provided upon request.

Listing Status:

Active

Date Added:

February 10, 2025 at 06:00AM

Listing Office:

NAI Coastal : 4105435115

Listing Agent:

George Timothy Merritt : 4439352277

MLS ID:

MDWC2016688

Interior

• A/C: Central A/C
• Heating: YHeat Pump - Electric BackUpElectric
• Disability Feature: 32"+ wide Doors36"+ wide HallsNo Stairs

Construction

Location

Lot

Utilities

Financial

This listing courtesy of George Timothy Merritt, NAI Coastal