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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.
| DAYS ON MARKET | 56 | LAST UPDATED | 2/10/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Wicomico Northeast (23-02) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|---|
| High School | WICOMICO |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wicomico Northeast (23-02) |
| CONSTRUCTION | Stucco |
| HEAT | Electric, Heat Pump |
| LOT | 1 acre(s) |
| LOT DIMENSIONS | 149.80 x 290.40 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 24673 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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