Map of Property

Virginia Square

1517 N Salisbury Blvd, Salisbury, MD 21801

  • For Sale $2,250,000
  • Property Type Retail - Strip
  • Property Size 25,500 SF
  • Units 4
  • Lot Size 1.6 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1940
  • Date Updated Feb 10, 2025
following Rt 13 Northbound Ln. follow over overpass nd make second left onto Dover Street and parking is immediately on your left.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.
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Highlights

  • 25 years Tenancy History with Family Dollar and a fresh Five year just signed
  • 23 year Tenancy History with Rent-A-Center with 1.5 years left on current term
  • 2 Local Warehouse users finish out the Tenancy
  • Offered at a 7% CAP Financials upon request
  • 64 Parking spaces on the Retail side
  • Newly fenced/gated parking for the warehouse side

Contacts

broker
George Merritt

NAI Coastal

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable

  • Transit Score ®

    14/100 Minimal Transit

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Salisbury, MD
  • Neighborhood Salisbury
  • Zip Code 21801

Points of Interest

  • Oceanic

    0.34 miles

  • Royal Farms

    1.19 miles

  • Shore Stop

    1.23 miles

  • Delmarva Power

    1.52 miles

  • Exxon

    1.70 miles

  • Tesla Supercharger

    1.76 miles

  • Pure

    1.78 miles

  • WAWA

    1.83 miles

  • Shell

    2.00 miles

  • Downtown Salisbury Parking Garage

    1.40 miles

  • Lot 11

    1.53 miles

  • Salisbury Park & Ride

    2.03 miles

  • Avery Street Parking Lot

    2.51 miles

  • College Avenue Parking Lot G

    2.52 miles

  • Philosophy and International Education Parking Lot

    2.52 miles

  • College Avenue Parking Lot H

    2.54 miles

  • US Rt. 13 Parking Lot A

    2.59 miles

  • International Faculty Parking Lot

    2.60 miles

  • US Rt. 13 Parking Lot B

    2.65 miles

  • Dover Street Grill

    0.03 miles

  • Crab World Seafood & Hibachi

    0.61 miles

  • La Tolteca

    0.92 miles

  • Subside Deli

    0.95 miles

  • Arby's

    1.08 miles

  • Burger King

    1.14 miles

  • RT 13 CARIBBEAN FLAVA

    1.22 miles

  • Bury Diner

    1.24 miles

  • Lombardi's

    1.26 miles

  • Imperial Gallery

    1.28 miles

  • Macy's

    1.47 miles

  • The Centre at Salisbury

    1.56 miles

  • Save-A-Lot

    1.56 miles

  • Sears

    1.62 miles

  • Boscov's

    1.67 miles

  • Caribbean Express Market

    1.95 miles

  • Acme

    2.01 miles

  • Food Lion

    2.19 miles

  • Unión Latina

    2.35 miles

  • Marshalls

    2.44 miles

Frequently Asked Questions

How much does Virginia Square cost?

The space currently listed for sale at Virginia Square asks for $2,250,000.

What is the total square footage of Virginia Square?

Virginia Square totals 25,500 square feet.

When was this property built?

Virginia Square was built in 1940.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
George Merritt

NAI Coastal

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