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    Ocean Gtwy Easton, MD 21601

    For Sale
    $8,000,000

    56+ Acres, Route 50 Exposure, Opportunity Zone

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 55.91-acre mixed-use property presents a unique development opportunity in Easton, Maryland. Strategically located on Route 50, this parcel boasts unparalleled visibility and accessibility, making it ideal for a variety of high-impact projects. The expansive acreage allows for significant development potential, catering to a range of uses including, but not limited to, home improvement stores, restaurants, and pad sites for retail or commercial ventures. All utilities are conveniently located on-site, simplifying the development process and minimizing infrastructure costs. The property's prime Easton location offers easy access to major roadways and a wealth of local amenities, ensuring strong potential for attracting customers and tenants. This offering includes Tax Map 100, Parcel 0420 Chapel Road, Easton, and is situated within Easton's Opportunity Zone, potentially offering significant tax advantages for investors. This is a rare chance to acquire a substantial parcel in a thriving area, poised for significant growth and development. The flexible zoning options allow for creative and adaptable development plans, making this an exceptional investment for forward-thinking developers seeking a high-profile location with substantial acreage. Don't miss this opportunity to transform this prime location into a landmark development.

    Property Features for Ocean Gtwy

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,435,440 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.06763
    Latitude
    38.72784

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    FAQs

    What type of property is this?
    Mixed-use property - 56+ Acres, Route 50 Exposure, Opportunity Zone
    Where is this mixed-use property located?
    The property is located at Ocean Gtwy Easton, MD.
    What is the asking price?
    The asking price for this property is $8,000,000.
    (410) 822-1415
    Request Owner's contact information
    Ocean Gtwy Easton, MD 21601
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    Easton, MD 21601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ocean Gtwy Easton, MD 21601
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