0 Mount Vernon Rd, Princess Anne, MD 21853
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.