Salisbury Plaza Shopping Center sold

Salisbury Independent
Posted 1/17/24

Salisbury Plaza Shopping Center has been sold to local developers ...

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Salisbury Plaza Shopping Center sold

SALISBURY -- Salisbury Plaza Shopping Center to local developers who plan to bring new life to the downtown Salisbury retail complex.
SALISBURY -- Salisbury Plaza Shopping Center to local developers who plan to bring new life to the downtown Salisbury retail complex.
Courtesy photo
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SALISBURY --  In an off-market deal, Christian Phillips, Commercial Real Estate Advisor with NAI Coastal kicked off the new year with the sale of Salisbury Plaza Shopping Center to local developers who plan to bring new life to the downtown Salisbury retail complex.

Salisbury Plaza Shopping Center was built in 1935 and is located on the west side of Salisbury, on the corner of Salisbury Parkway (Business Route 50) and Cypress Street directly across from Perdue Farms and adjacent to the Salisbury Police Department. The shopping center sits on just over 14 acres and has roughly 124,000 square feet of commercial/retail space. Salisbury Plaza Shopping Center has a long history as a cornerstone for local businesses and an important access point to services for the community.

The new owners plan to bring that vibrance back to the area alongside the newly built 7/11 and the Salisbury Fire Department’s Station 16 Headquarters on Cypress Street. “This location marks a pivotal point in the redevelopment of the west side of downtown Salisbury,” said local developer Chris Gilkerson.

Redevelopment of the Salisbury Plaza Shopping Center will help to spur new businesses and amenities that will generate growth for the downtown area and local community for years to come. 

For more information about the plaza, contact Christian Phillips at 410-430-4427 or Christian@naicoastal.com.

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