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$490,000
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Property Description
The 541-537 Riverside Drive offering consists of two strategically located parcels totaling 0.86 acres, both zoned CBD (Central Business District), allowing for a wide range of commercial and professional uses. The first parcel, approximately 0.35 acres, features an 800 SF former bank building with drive-thru and a 2,624 SF rear office building, making it well-suited for continued office use, redevelopment, or a variety of service-oriented businesses. The second parcel is a 0.51-acre vacant lot, offering valuable flexibility for new construction, or added parking. Positioned along Riverside Drive, the properties benefit from strong visibility, easy access, and proximity to Salisbury's central business and medical districts. - 800 SF bank and 2524 office building - Built in 1971, Renovated in 2015 - Zoned CBD - 2 Separate Lots
Full Property Details
Full Property Details for 537-541 Riverside Dr
General
- Sold For: $490,000
- Taxes: $6,293 (2025)
- Status: Closed
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: MDWC2018702
- Added to Site: 240 day(s) ago
Business
- Business Type: Professional
Parking
- Total Spaces: 25
- Parking Type: Parking Lot
Location
- Area: Wicomico Northwest (23-01)
- County: Wicomico
- Driving Directions: 541 RIVERSIDE DR
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block, Brick
- Stories/Levels: 0
- Year Built: 1971
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,598
- Lot Size Source: Estimated
- Zoning: CBD
Financial Considerations
- Price Per Sq. Ft.: $160.63
- Tax w/Assessment: $316,133
- Tax Amount: $6,293
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by SVN/Miller Commercial Real Estate, Tonney H Insley IV
Sold by Unrepresented Buyer Office, Unrepresented Buyer
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Price & Sales History for 537-541 Riverside Dr
Date
Details
Price
Change
Source
10/31/2025
Sold
$490,000
-10.91%
MLS
7/01/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
537-541 Riverside Drive, Salisbury, MD 21801 (MLS# MDWC2018702) is a Commercial property that was sold at $490,000 on October 31, 2025. Want to learn more about 537-541 Riverside Drive? Do you have questions about finding other Commercial real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.

