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    Perryman Rd Aberdeen, MD 21001

    Sponsored
    For Sale
    $1,950,000

    Prime residential development opportunity. R-3 zoning, 78-unit concept plan.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23.9-acre parcel in Aberdeen, Maryland, presents a rare residential development opportunity. Zoned R-3, it offers significant potential. A concept plan outlines a 78-unit apartment complex, though greater density may be achievable through senior housing or Planned Residential Development (PRD) initiatives, potentially utilizing mid-rise construction. Approximately 5 acres are suitable for building, with the remaining acreage featuring substantial tree coverage. Public utilities are readily accessible. The property's strategic location provides convenient access to Aberdeen, Route 40, I-95, local amenities, and major employers. The APN is 1302083825. This land is situated at Perryman Rd, Aberdeen, MD 21001, and is offered at $1,950,000.

    Property Features for 0 Perryman Rd

    General Information

    Property type
    Land
    Lot Size
    1,041,084 SF

    HighLights

    • $1,950,000 asking price.
    • 23.9‑acre residential land parcel.
    • R‑3 residential zoning.
    • Concept plan for 78 apartment units.
    • Public utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ferraro Foods of Maryland Food Products Supplier Cranberry United Methodist ... Church New German Performance Tuning Automobile Perryman grocery ,deli ... Liquor Store Packers Pallets Pallet Supplier

    Map

    City
    Aberdeen
    County
    Harford
    State
    Maryland
    Longitude
    -76.191458310644
    Latitude
    39.488024918378

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    FAQs

    What type of property is this?
    Land - Prime residential development opportunity. R-3 zoning, 78-unit concept plan.
    Where is this land located?
    The property is located at Perryman Rd Aberdeen, MD.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 23.9-acre residential land parcel.; R-3 residential zoning.
    Request Owner's contact information
    Perryman Rd Aberdeen, MD 21001
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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
    Perryman Rd Aberdeen, MD 21001
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