Salisbury, MD 21801 1517 N Salisbury Boulevard

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Presented By: NAI Coastal
  • MLS# MDWC2016688
  • 02/10/2025
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  • SQFT • 25,500

Home Details

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.
Presented By: NAI Coastal

Interior Features for 1517 N Salisbury Boulevard

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1517 N Salisbury Boulevard

Accessibility32 + wide Doors, 36 + wide Halls, No Stairs
Building NameNONE AVAILABLE
Business TypeFlex, Big Box Retail, Warehouse
CitySALISBURY
Construction MaterialsStucco
Cool FuelElectric
CoolingCentral A/C
CountyWICOMICO
Directionsfollowing Rt 13 Northbound Ln. follow over overpass nd make second left onto Dover Street and parking is immediately on your left.
HeatingHeat Pump - Electric BackUp
Legal SubdivisionHOMER STREET HEIGHTS
Lot Size Square Feet43501.00
Lot Size UnitsSquare Feet
MLS AreaWicomico Northeast (23-02)
ModificationTimestamp2025-04-30T11:00:36
MunicipalitySalisbury
New ConstructionNo
Number Of Units Total2
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG88.96
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount24673.0
Tax Assessed Value1238600.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1940
Year Built SourceAssessor
ZoningGC

Exterior for 1517 N Salisbury Boulevard

Building Area Total24720.00
Car Parking Spaces100
Land Assessed Value0.00
Land Use CodeC
Lot Dimensions149.80 x 290.40
Lot Size Acres1.00
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces105
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,199,000
MLS#MDWC2016688
List Date 02/10/2025
Property Type Commercial
Phone 703.929.4729
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