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Available For Sale - Land

0 SF

AVAILABILITY DETAILS

Size
0 SF
Price/SF
N/A - Contact for Info
Listing ID
SA427136
Notes
Located directly on US Rt. 13 in the heart of Salisbury's retail district, this 13.4 total acre Opportunity Zone property has direct access from the main highway and is within sight of the Rt. 50 bypass interchange and surrounded by dozen of national retailers. This opportunity has several parcels being sold as parts or all together:



• Hospitality Pad (2.57 Acres +/-) Hotel, up to 127 Rooms

• Multifamily Pad (7.64 Acres) Up to 20 Units Per Acres by Right and 20-30 Units Per Acre by Special Exception (Approximately 274-411 Total Units)

• Retail Pad (3.19 Acres +/-) available for lease/sale that can accommodate approximately a 9,170 SF building with 145 parking spaces. Asking $195,000 annual ground rent.



In Addition to the Opportunity Zone, this property is pre-qualified for the "Here Is Home" Comprehensive Housing Initiative, which is a Salisbury program to incentivize the construction of new housing stock by using fee waivers. Property owners and real estate developers may sign an agreement with the City of Salisbury waiving any and all fees associated with development – including annexation fees.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brent C. Miller CCIM CPM, SVN | Miller Commercial Real Estate