11931 Jericho Rd Kingsville, MD 21087
Exceptional development opportunity awaits with this 3.29-acre parcel in Kingsville, Maryland, situated on the Little Gunpowder Falls. Boasting over 200 feet of waterfront frontage, the majority of the lot sits high above the falls, minimizing flood risk while offering stunning views. The property is bordered by Department of Natural Resources land, ensuring privacy and tranquility. Enjoy the abundance of greenery and proximity to Kingsville Park, featuring playgrounds, ball fields, walking trails, and a covered bridge. Conveniently located near I-95 and Route 1, this site offers easy access to surrounding towns, amenities, and major highways. Baltimore City is a 30-minute drive south, and Bel Air is a 20-minute drive north. While some further Maryland Department of the Environment (MDE) remediation may be required, significant work has already been completed. Existing factory foundations and retaining walls present potential for reuse by a developer. The RC-7 zoning may allow for adjustments to accommodate smaller lot sizes, aligning with surrounding residential properties. Due diligence reports are available. The land is priced at $150,000, or $0.70 per square foot. The address is 11931 Jericho Rd, Kingsville, MD 21087.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.