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

Horner Honda Property Sold for Redevelopment

MARCH 2016, SALISBURY, MD Henry Hanna, CCIM, SIOR and Wesley Cox, CCIM, both Senior Advisors with SVN | Miller Commercial Real Estate listed and sold the iconic Horner Honda property across from Salisbury University on Rt. 13 South. The 8,570 SF building sits on .83 acres and sold for $925,000.

Hanna and Cox represented the seller, Bud Horner, who operated Horner Honda for more than 30 years. He commented, “I wanted to get the broadest exposure and the best return on my investment so I wanted to go with an Advisor and a firm with national contacts. Henry and Wesley brought only qualified buyers to look at the property and they did a great job!” Wesley stated, “It was such a pleasure to work with a staple in our community. We were able to utilize our national network to create maximum exposure and competition that allowed Mr. Horner to achieve his goals. I now look forward to working with the new owner in the transformation and redevelopment of the property.” The new owner of the property plans to redevelop the building and will have spaces listed with Wesley Cox ranging from 2,000 SF – 8,500 SF.

For more information about this transaction or the available spaces that will be redeveloped, contact Henry Hanna at henry.hanna@svn.com or Wesley Cox at Wesley.cox@svn.com, or call 410-543-2440.

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