0 Lorie C Quinn Sr Dr, Crisfield, MD 21817
This exceptional 8.43-acre property in Crisfield, Maryland, presents a unique investment opportunity. Located on Lorie C Quinn Sr Dr, in Somerset County, zip code 21817 (37.9906569, -75.8526625), this bank-owned foreclosure is zoned R-2 Residential and offers significant development potential. The land is divided into two main parcels: a 1.83-acre lot with plans for 28 undeveloped townhouse sites, and a larger 6.6-acre lot suitable for 38 undeveloped single-family homes. This represents the remaining phases of a previously successful three-phase development project, with the first phase already completed. The property's location in Crisfield offers access to waterfront amenities and a desirable residential market. This is an excellent opportunity for developers or investors seeking a substantial land acquisition in a growing area. Seller financing may be available, providing a flexible purchase option with potentially favorable terms. The asking price for this significant land holding is $850,000. This represents a rare chance to acquire a large, well-situated parcel ready for immediate development.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.