Property profile

7470 Solomons Island Rd Solomons, MD 20688

OFF-MARKET
Land
16.2 ac lot
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Property summary

AI-generated overview

This exceptional 16.2-acre commercial development site, located at 7470 Solomons Island Rd S in Solomons, Maryland (zip code 20688), presents a compelling investment opportunity. Zoned for industrial use, this fee-simple property boasts an attractive asking price of $799,000, translating to a land value of $1.13 per square foot. The parcel, identified by APN 01-241028, is situated within the Calvert Cliffs Business Center, offering convenient access to key transportation routes and infrastructure. Engineering plans have already been approved for the construction of over 146,000 square feet of industrial space, along with RV and trailer storage facilities. This significantly reduces the time and cost associated with pre-development activities, making it an ideal site for immediate development. The property's size and zoning make it suitable for a variety of industrial projects, offering significant potential for future growth and return on investment. This prime location in Calvert County, Maryland, provides a strategic advantage for businesses seeking to establish a presence in this thriving area. The recent price reduction to $799,000 makes this an even more attractive proposition for discerning investors.

Property profile

Verified
Property type Land
Lot 16.2 ac (705,672 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7470 Solomons Island Rd Solomons, MD 20688
Solomons metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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