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    OFF-MARKET
    Land

    0 Rte 13 & Allen Rd, Princess Anne, MD 21853

    65.07 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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