Prime Rt. 13 Property For Sale - Across from Salisbury University

1311 S Salisbury Blvd Salisbury, MD 21801

1311 S Salisbury Blvd, Salisbury, MD, 21801
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FOR SALE
Property Type:
Street Retail
Amount:
$1,300,000
Last Verified:
Apr 17, 2024

Highlights

  • Prime Retail U.S. Rt 13
  • Across from 700 bed student housing
  • Across from Salisbury University - Highly visible
  • National tenant currently in place

Description

The Hanna Team at SVN - Miller Commercial Real Estate is proud to present the retail investment opportunity of this 6,600 SF building strategically positioned on U.S. Rt 13 across from Salisbury University. Being a highly-visible location, this property presents an attractive opportunity for retail investors (or users) seeking maximum exposure in a prime location. The property's proximity to Salisbury University and its 8,000 +/- total staff & enrollment, a 700+/- bed student housing complex across the street, a nearby hospital with 3,000+/- employees, all the adjacent and nearby retailers, and the 24,000+/- cars traveling past this property every day ensures a steady flow of potential customers. Originally built in 1969 and renovated in 2010 for Five Guys, and again in 2021 with a new roof, this property offers modern functionality within a dynamic retail environment. With General Commercial zoning adding flexibility for a variety of commercial uses, this is a compelling opportunity for savvy investors and/or users as there is currently one vacancy at the property that could be owner-occupied. Five Guys currently leases 3600 SF of the building with an additional 3000 SF currently vacant. There was a new roof installed in October 2021 limiting future capital repairs.

Explore the vibrant city of Salisbury, MD where the property is ideally situated to attract potential investors. Nestled in the heart of Maryland’s Eastern Shore and the county seat of Wicomico County, Salisbury offers a dynamic blend of business and leisure opportunities and is the fastest-growing city in the state of Maryland. The area is home to Salisbury University, a major regional hub for higher education and a key driver of innovation and talent. With a rich cultural scene, diverse dining options, and easy access to major transportation routes, the location presents an enticing prospect for investors seeking a prime strategic location across from Salisbury University.

The subject property is located directly across the street from Salisbury University and in the most transformative corridors in Wicomico County with over a dozen properties along this short dense stretch of road being redeveloped into thriving commercial centers.


Year Built: 1969
Building Size: 6600sq ft
Lot Size: 0.61 acres


Documents

SVN - Brochure (P)
su-facts-highlights.pdf

Map of 1311 S Salisbury Blvd, Salisbury, MD, 21801

Presented by:
SVN | Miller Commercial Real Estate

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Wesley Cox


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.