Property Overview
-
- Size:
- 26 acres / 10.52 hectares
-
- Usage:
- C3
-
- Sale Type:
- For Sale
-
- Rental Income:
- Undisclosed
-
- Property Type:
- Land
-
- Auction:
- No
-
- Development Opportunity:
- Yes
-
- Investment Opportunity:
- Yes
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
General Summary
This is an opportunity to purchase a property for residential development that is already zoned for the purpose. Finished lots should be worth $50,000 and homes should sell in the $200,000 range. The property is immediately adjacent to the town limits and town services. Builders and buyers will appreciate that its proximity to Rt 13 provides an easy commute to anywhere. Attractive pricing and owner financing are additional bonuses. Permitted uses include Single Family Detached Homes, Twin Dwellings, Two Family Homes and Townhouses. Multi-Family (Apartments) are allowed by Special Exception. Minimum lot size is 10,000sf( 4+/Acre).
Location
Adjacent to town of Princess Anne, the home of the University of Maryland Eastern Shore with about 4000 students. One-half mile west of US Rt 13 on Mt Vernon Rd. Parcel located on north side of Mt Vernon Road between Ford’s Garage and East Ridge Rd. There is an existing farm house on the property that currently serves as a rental. The land is flat and the mostly open land is now leased for farming.
