Leaders in Commercial Real Estate for Maryland’s Eastern Shore and the Delmarva Peninsula

Downtown Development Continues: Hanna Sells Waterfront Lot

MARCH 2017, SALISBURY, MD – SVN | Miller Commercial Real Estate Advisors Henry Hanna, CCIM, SIOR, Bradley Gillis, CCIM and Joey Gilkerson have collaborated to sell a downtown waterfront lot located at 500 Riverside Drive in Salisbury, MD. The three acre lot fronts on the Wicomico River and its location at a busy intersection makes it an ideal property for commercial development.

Henry Hanna represented the buyer, a local restaurant owner, who has plans to develop the land into a mixed-use building to include a restaurant and additional office/retail space which will be available for lease. Gillis and Gilkerson represented the seller, Devreco.

“Restaurants are the backbone of creating a cultural and art hub in our Downtown,” stated Joey Gilkerson. “We are particularly excited that a user, as opposed to an investor, has purchased this parcel. They want to start building as soon as possible as they can use the real estate immediately.”

For more information about this transaction or to inquire about available properties on the Eastern Shore, email Henry Hanna at henry.hanna@svn.com, Joey Gilkerson at joey.gilkerson@svn.com or call 410-543-2440.

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