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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by George Merritt • NAI Coastal

$1,800,000

Est. payment - /mo

1 Acres Lot

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWC2016688

Year Built 1940

Annual Tax Amount $24,673

Tax Year 2024

Lot Size 0.999 Acres

Acres 1.0

Lot Dimensions 149.80 x 290.40

Property Sub-Type Retail

Source BRIGHT

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.

Location

State MD

County Wicomico

Area Wicomico Northeast (23-02)

Zoning GC

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 105.0

Water Access N

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, No Stairs

Total Parking Spaces 105

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Wicomico

School District Wicomico County Public Schools

Others

Tax ID 2305005981

Ownership Fee Simple

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA, 22102

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1517 N SALISBURY BLVD Salisbury, MD 21801