Property profile

9999 Westfield Princess Anne, MD 21853

OFF-MARKET
Land
6.55 ac lot
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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

Location

9999 Westfield 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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