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    OFF-MARKET
    Land

    & Chesapeake Overlook Pky Perrylawn Dr, Port Deposit, MD 21903

    30 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 30 ac (1,306,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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