19300 Piney Point Rd Valley Lee, MD 20692
- Commercial real estate
- 5.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 19300 Piney Point Rd
- Lot size
- 5.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 5-acre commercial land parcel, located at 19300 Piney Point Rd, Valley Lee, MD 20692, presents a unique investment opportunity. Zoned VMX, this property offers significant potential for development, as confirmed by Metcom. The land is to be surveyed off from a larger parcel and is ideally suited for various commercial ventures. Preliminary assessments suggest the possibility of creating up to four residential home sites. An additional acre across Route 249 may also be available for purchase, potentially through a Transfer of Development Rights (TDR) agreement. The Village Center Mixed Use (VMX) zoning regulations allow for residential and compatible commercial development, as designated by the Comprehensive Plan for Village Centers. This zoning is specifically designed to avoid creating an urban character. Note that the existing parcel includes a homesite, and both the homesite and the remaining acreage intended for surveying can be purchased separately. The asking price for this 5-acre parcel is $550,000, representing a price per acre of $110,000. This prime location in St. Mary's County offers excellent access and visibility. Serious inquiries are encouraged to explore the full development potential of this remarkable property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valley Lee
- County
- St. Mary's
- State
- Maryland
- Longitude
- -76.510883
- Latitude
- 38.196737
