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    21062 Dover Bridge Rd Preston, MD 21655

    Sponsored
    For Sale
    $199,000

    Almost 5 acres, high-traffic location. Permitting nearly complete.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4.89-acre parcel at 21062 Dover Bridge Road in Preston, Maryland, presents a remarkable investment opportunity. Located on a corner lot of a high-traffic highway, this property boasts a prime location just over five miles from Easton, MD, making it easily accessible to a large customer base. The site previously housed a gas station and convenience store, but the existing building has been removed. All underground storage tanks have been removed in accordance with EPA regulations. The property features an existing well and septic system, significantly streamlining the development process. Village Center zoning allows for a wide range of commercial uses, making this an ideal location for entrepreneurs seeking a high-visibility site. Importantly, much of the permitting process for new construction and business operation is already complete, saving significant time and expense for the future owner. This property sits on the main route connecting Lower Delaware to Easton and the Mid-Shore region, ensuring high visibility and consistent traffic flow. This is a rare opportunity to acquire a ready-to-develop site in a thriving area with minimal permitting hurdles remaining. The almost five acres provide ample space for a variety of commercial ventures.

    Property Features for 21062 Dover Bridge Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    213,008 SF

    Building Details

    Year Built
    1939
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Wholesale Shop Auto Parts Store Department Store Electrical Service Convenience Store Daycare Center Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Preston
    County
    Caroline
    State
    Maryland
    Longitude
    -75.97697
    Latitude
    38.75099

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Almost 5 acres, high-traffic location. Permitting nearly complete.
    Where is this mixed-use property located?
    The property is located at 21062 Dover Bridge Rd Preston, MD.
    What is the asking price?
    The asking price for this property is $199,000.
    (410) 770-3600
    Request Owner's contact information
    21062 Dover Bridge Rd Preston, MD 21655
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    Preston, MD 21655
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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
    21062 Dover Bridge Rd Preston, MD 21655
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