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1517 N Salisbury BoulevardSalisbury, MD 21801Price: $1,800,000

  • Price: $1,800,000
  • 520 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
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1517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 218011517 N Salisbury Boulevard Salisbury MD 21801
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  • 1Acreage
  • 1940Year Built
  • 73Price Per Square Foot
  • 2Units
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.
Listed by George Timothy Merritt of NAI Coastal

Driving Directions

Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaSalisbury - Wicomico Northeast

Parking

  • Parking TypesParking Lot

Basic Information

  • Date Listed02/10/2025

Location

  • Address1517 N Salisbury Boulevard
  • Building Number1517
  • CountyWicomico
  • Directionsfollowing Rt 13 Northbound Ln. follow over overpass nd make second left onto Dover Street and parking is immediately on your left.
  • In City Limits YNYes
  • IncorporatedcitynameSalisbury
  • StateMD
  • TownSalisbury
  • Zip21801

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemHeat Pump - Electric BackUp
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Basic Information

  • Broker NameNAI Coastal
  • List Price$1,800,000
  • MLS Area MajorWicomico Northeast
  • MLS NumberMDWC2016688
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot73
  • StatusACT
  • Units2

Building

  • Building Area SourceAssessor
  • Building Area Total24720
  • Construction MaterialsStucco
  • Total Garage And Parking Spaces105
  • Year Built1940

Interior

  • Drive In Door Height12' to 15'

Amenities

  • Accessibility Amenities32"+ wide Doors, 36"+ wide Halls, No Stairs

Legal

  • LandusecodeC
  • PossessionNegotiable
  • Sale TypeStandard

Tax Information

  • Assessment Year2024
  • City Town Tax$12,797
  • City Town Tax Payment FrequencyAnnually
  • County Tax$10,488
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$1,238,600
  • Tax Year2024
  • Taxes$24,673
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage1
  • Business TypeFlex, Big Box Retail, Warehouse
  • Lot Dimensions SourceAssessor
  • Lot Size Dimensions149.80 x 290.40
  • Lot Size SourceAssessor
  • Lot Size Square Feet43,501
  • New Construction YNN
  • Property SubTypeRetail
  • ZoningGC

Other

  • View Count14

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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