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Aydelotte Commons 1496 Still Meadow Blvd

10,500 SF 100% Leased Retail Building Salisbury, MD 21804 £2,084,600 (£199/SF) 5.50% Net Initial Yield

Investment Highlights

  • National and local tenants.
  • Shopping center located at a traffic light.
  • As an added bonus, this property is only 30 minutes from Ocean City, making this investment a great asset to work and enjoy the beach.
  • Great combination of retail and medical tenants.
  • The center is surrounded by newer residental developments.

Executive Summary

NNN, Fully leased retail and medical shopping center, in excellent condition. National and local tenants. One story building with easy access for customers to park in front of their stores, and plenty of parking spaces. Also, situated at a traffic light, maximum exposure, at the corner of Still Meadow Drive & Beaglin Park Drive.
As an added bonus, this property is only 30 minutes from Ocean City, making this investment a great asset to work and enjoy the beach.
Please do not disturb tenants. Direct all questions to Saul Corral 703-675-7278.

Attachments

1-Survey 1496 Still Meadow Blvd
2- Survey 1496 Still Meadow Blvd

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,500 SF
Building Class
B
Year Built
2010
Price
£2,084,600
Price Per SF
£199
Net Initial Yield
5.50%
NOI
£114,653
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
1.32 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
PRD - Planned Development District
Parking
62 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
177 ft on Still Meadow Boulevard

Amenities

  • Air Conditioning
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PROPERTY TAXES

Parcel Number 05-128528 Improvements Assessment £0
Land Assessment £0 Total Assessment £1,229,656

PROPERTY TAXES

Parcel Number
05-128528
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,229,656
(703) 675-7278

  • Listing ID: 33440116

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 1496 Still Meadow Blvd, Salisbury, MD 21804

The Retail Property at 1496 Still Meadow Blvd, Salisbury, MD 21804 is currently available For Sale. Contact Fairfax Realty of Tysons, Inc. for more information.

Nearby Listings

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1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 1 of 15
Primary Photo
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 2 of 15
Dr. Debbie Steele Optometrist
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 3 of 15
Elegant Spa & Nails
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 4 of 15
Hear USA
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 5 of 15
Once Upon a Child
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 6 of 15
Building Photo
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 7 of 15
Corner Traffic Light
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 8 of 15
Pond 2, Aydelotte Commons
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 9 of 15
Rear Bldg
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 10 of 15
Aydelotte Commons Monument
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 11 of 15
Building Photo
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 12 of 15
Building Photo
1496 Still Meadow Blvd, Salisbury, MD for sale Plat Map- Image 13 of 15
Plat Map
1496 Still Meadow Blvd, Salisbury, MD for sale Building Photo- Image 14 of 15
Survey 1 page, 1496 Still Meadow.pdf

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© 2024 CoStar Group

Aydelotte Commons | 1496 Still Meadow Blvd
(703) 675-7278 x

Aydelotte Commons | 1496 Still Meadow Blvd

Saul Corral

(703) 675-7278

(703) 675-7278

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