Property profile

0 Rte 13 & Allen Rd Princess Anne, MD 21853

OFF-MARKET
Land
65.07 ac lot
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Property summary

AI-generated overview

This exceptional 65.073-acre land parcel presents a significant investment opportunity in Somerset County, Maryland. Strategically located on the corner of US Route 13 and Allen Road, this property boasts an impressive 3,360 feet of frontage along US Route 13, ensuring high visibility and accessibility. The land is zoned AR with a commercial overlay on the corner parcel, offering considerable flexibility for development. The property comprises three separate parcels, providing the option to purchase as a whole or individually, catering to diverse investment strategies. This prime location benefits from newly installed natural gas lines running along the property's frontage, adding significant utility value. The asking price is $325,365, translating to a competitive $5,000 per acre. Located in Princess Anne, MD, zip code 21853, this property offers unparalleled potential for commercial development in a rapidly growing area. Detailed surveys and parcel maps are available upon request. This is a rare opportunity to acquire a substantial land holding with exceptional road frontage in a desirable location.

Property profile

Verified
Property type Land
Lot 65.07 ac (2,834,580 SF)

Cap rate & NOI

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

Location

Rte 13 & Allen Rd Princess Anne, MD 21853
Princess Anne metro
Google Maps

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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