Property profile

28646 Old Quantico Rd Salisbury, MD 21801

FOR SALE
Residential land & home lots
Property ID
US40-2076593
Built 1935
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

**Prime Development Opportunity With Rare Waterfront Potential!** These two parcels-28646 and 28650-totaling 1.15 acres, consist of 8 units and are in the final phase of annexation into the city of Salisbury. Once complete, you’ll gain access to public water and sewer along with zoning that allows up to 12 units per acre, opening the door to a wide range of possibilities. 28650 currently has a single family home with 28646 having two multifamily properties. Please note, not all units are currently rented or rentable. Whether you envision a standout single-family residence with expansive grounds, a collection of premium townhomes, or high-demand multifamily buildings to capitalize on Salisbury’s strong rental market, this property offers the flexibility to bring your vision to life. Preliminary concepts for 12 townhomes have already been drafted, and additional layouts, plats, and plans are available upon request. With direct frontage on a tranquil lake, the site is ideally suited for a true waterfront community—perfect for creating desirable living spaces with natural views and outdoor amenities. The property is currently improved with 8 units and is professionally managed. bikeScore: 38, Somewhat Bikeable walkScore: 45, Car-Dependent transitScore: 12, Minimal Transit

Property profile

Verified
Property type Residential land & home lots
Year built 1935
UPID US40-2076593

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28646 Old Quantico Rd Salisbury, MD 21801
Salisbury metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
2 recorded transactions
2022
$341,862
2019
$225,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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