$3,400,000

2625 N Salisbury Blvd

SALISBURY MD, 21801

Description

Outstanding location on busy North Salisbury Blvd, 5.17 +/- acres, for commercial redevelopment or present use as a franchise hotel. 123 rooms, two banquet rooms, 182 seat restaurant, and 60 seat bar/grill. Attached site plan shows the potential to subdivide the property allowing the sale or land lease of the front portion of the property to a national franchise restaurant and two new hotels on the rear portion of the property. Other possibilities for the rear portion of the property include renovating the hotels existing 60 room back building or replace with apartments. Located in the middle of Salisbury's retail district.

Details

MLS#MDWC107598
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1961
Days On Site71

Features

Story(s)0
ZoningCOMMERCIAL

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Area Information

StateMD
CitySALISBURY
Zip Code21801
AreaWicomico Northeast (23-02)
Listing VS Median (in 21801)
Price:
$3,400,000
low | high
Med:
$94,900
100% of Average
On Site:
71
low | high
Med:
563
12.611012433393% of Average
Listing Updated: 06/06/2020
MLS Number: MDWC107598
Listing Provided By:
Eric Cropper  of  NAI Coastal
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