Property profile

0 Lorie C Quinn Sr Dr Crisfield, MD 21817

OFF-MARKET
Land
8.43 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 8.43 ac (367,211 SF)

Cap rate & NOI

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

Location

Lorie C Quinn Sr Dr Crisfield, MD 21817
Crisfield 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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