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    OFF-MARKET
    Land

    0 Mount Vernon Rd, Princess Anne, MD 21853

    6.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.55-acre residential land parcel presents a unique investment opportunity in the thriving town of Princess Anne, Maryland. Located on Mt Vernon Rd, this property boasts convenient access to local restaurants and shopping amenities, making it an ideal location for residential development. The land is zoned R-1, permitting the construction of single-family and two-family dwellings, offering flexibility for various development plans. Situated within the town limits, this property benefits from the ongoing growth and expansion experienced in Princess Anne. The town's strategic location near the University of Maryland Eastern Shore (UMES) contributes to its vibrant community and consistent demand for housing. Furthermore, the recent and projected growth within the Princess Anne Industrial Park, with several new businesses establishing operations, signifies a positive economic outlook for the area, further enhancing the property's investment potential. The 6.55 +/- acres provide ample space for a substantial residential project, catering to the increasing need for housing in this dynamic Maryland town. The asking price for this remarkable property is $200,000. This represents a compelling opportunity to capitalize on the burgeoning residential market in Princess Anne, Somerset County, Maryland, zip code 21853.

    Property profile
    Verified
    Property type Land
    Lot 6.55 ac (285,318 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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