21062 Dover Bridge Rd Preston, MD 21655
- Commercial real estate
- 1,328 SF
- 4.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 21062 Dover Bridge Rd
- Year built
- 1932
- Construction
- BRICK
- Lot size
- 4.89 lot acres
- Property size
- 1,328 SF
- Zone code
- VC
- Property type
- Commercial real estate
- APN
- 04-002342
- APU
- 4002342
Description
This exceptional 4.89-acre parcel at 21062 Dover Bridge Road in Preston, Maryland, presents a remarkable investment opportunity. Located on a corner lot of a high-traffic highway, this property boasts a prime location just over five miles from Easton, MD, making it easily accessible to a large customer base. The site previously housed a gas station and convenience store, but the existing building has been removed. All underground storage tanks have been removed in accordance with EPA regulations. The property features an existing well and septic system, significantly streamlining the development process. Village Center zoning allows for a wide range of commercial uses, making this an ideal location for entrepreneurs seeking a high-visibility site. Importantly, much of the permitting process for new construction and business operation is already complete, saving significant time and expense for the future owner. This property sits on the main route connecting Lower Delaware to Easton and the Mid-Shore region, ensuring high visibility and consistent traffic flow. This is a rare opportunity to acquire a ready-to-develop site in a thriving area with minimal permitting hurdles remaining. The almost five acres provide ample space for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $145,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $150,000
- Retail
- $130,000
- Mixed-Use
- $140,000
- Hospitality
- $155,000
- Educational
- $145,000
- Residential Income
- $135,000
- Energy
- $170,000
- Income-Based Land
- $165,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Preston
- County
- Caroline
- State
- Maryland
- Longitude
- -75.9786
- Latitude
- 38.7514