& Chesapeake Overlook Pky Perrylawn Dr, Port Deposit, MD 21903
This exceptional 30-acre commercial land parcel, known as Chesapeake Overlook, presents a unique investment opportunity in Perryville, Maryland. Strategically located adjacent to Interstate 95, this property enjoys unparalleled visibility and accessibility. The site is zoned CEMUD in Cecil County and offers seven ready-to-develop pad sites, ideal for a variety of commercial uses. The location benefits significantly from the proximity to the largest Great Wolf Lodge in the United States, attracting over 700,000 visitors annually, and the Hollywood Casino. This high-traffic area ensures a robust customer base for potential businesses. Further enhancing the site's appeal is the upcoming opening of a new Wawa in October 2024, with a Starbucks to follow shortly. This development will further increase foot traffic and create a synergistic environment for future businesses. The property's location makes it perfect for restaurants, recreational facilities, a bowling alley, movie theater, entertainment venues, or a supermarket, catering to both hotel guests and interstate travelers. The substantial land area and prime location make this an exceptional opportunity for developers seeking high-impact commercial projects. The address is Perrylawn Dr & Chesapeake Overlook Pky, Perryville, MD 21903.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.