Property profile

0 Chester River Beach Rd Grasonville, MD 21638

OFF-MARKET
Land
28.44 ac lot
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Property summary

AI-generated overview

This exceptional 28.44-acre development opportunity is ideally located along US Routes 50/301 in Grasonville, Maryland, near Kent Island. Boasting unparalleled visibility to over 70,000 vehicles daily, this prime parcel presents a significant investment prospect. The property, zoned UC, comprises two separate tax parcels, offering flexibility for diverse development scenarios, including mixed-use, logistics, or industrial projects. Its strategic location provides easy access to major metropolitan areas such as Baltimore, Washington D.C., and Annapolis, placing it within a three-hour radius of 40% of the nation's population. Public water and sewer services are readily available, simplifying infrastructure needs. This large-scale development tract presents a unique chance to capitalize on the high traffic volume and strong regional demographics. The asking price is $3,700,000. Subdivision potential exists, allowing for a phased approach to development and maximizing investment returns. This is the largest available development tract in the area, offering unmatched potential for a significant return on investment. The property address is Chester River Beach Rd, Grasonville, MD 21638.

Property profile

Verified
Property type Land
Lot 28.44 ac (1,238,846 SF)

Cap rate & NOI

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

Location

Chester River Beach Rd Grasonville, MD 21638
Grasonville metro
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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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