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    OFF-MARKET
    Land

    9999 Westfield, Princess Anne, MD 21853

    6.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.55-acre parcel presents a unique opportunity for residential development within the town limits of Princess Anne, Maryland. Zoned R-1, this property allows for the construction of single-family and two-family dwellings, catering to a variety of building plans. Its convenient location offers easy access to local restaurants and shopping amenities, enhancing its appeal and potential for quick resale or rental income. The land is situated at 9999 Westfield, Princess Anne, MD 21853, in Somerset County. The asking price is $300,000, translating to approximately $45,802 per acre. Princess Anne itself is experiencing a period of significant growth, particularly in new residential construction. This positive trend is further bolstered by the expansion of the Princess Anne Industrial Park, which saw three new companies begin construction or expand in 2021 and 2022, with three more anticipated to start construction in 2023. This influx of jobs and increased population contributes to a robust and promising real estate market. The property's size and zoning make it ideal for both individual homebuilders and developers seeking to capitalize on the town's burgeoning residential sector. Don't miss this chance to acquire a piece of this thriving community.

    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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