Pemberton Dr,SALISBURY, MD 21801
SALISBURY, MD 21801
Description
Millers Edge represents a rare, turnkey development opportunity in the City of Salisbury, Maryland. This 16.59-acre unimproved parcel is fully entitled for residential development, offering an incoming developer the ability to move from acquisition to active construction within 30 days. The seller has completed an exceptional level of pre-development due diligence - eliminating the risk, time, and cost typically associated with the entitlement process. A full set of construction drawings is available for current layout. The approved site plan encompasses 153 residential units under the R-8A zoning designation. Alternatively, a minor plan redesign - estimated at approximately 30 days - would increase the unit count to 165 units by right under current zoning, providing immediate value-add upside for an experienced developer. Per the zoning code, various styles of multifamily are permitted including duplexes, townhomes, apartments, and single family.
Details
| MLS # | MDWC2022644 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Pending-bright |
| Days On Site | 154 |
| Listing Provided By | SVN/Miller Commercial Real Estate | Kelly Jeter |
Features
| Zoning | R-8A |
|---|---|
| Acreage | 16.59 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
Exterior
| Construction Materials | Mixed |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1714 |
|---|
Area Information
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SALISBURY |
| Zip Code | 21801 |
| Area | Wicomico Northwest (23 01) |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21801) | |
Price: $1,900,000 low | high Med: $329,950 On site: 154 low | high Med: 38 | |
Market Activity 21801
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SALISBURY |
| Zip Code | 21801 |
| Area | Wicomico Northwest (23 01) |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21801) | |
Price: $1,900,000 low | high Med: $329,950 On site: 154 low | high Med: 38 | |
CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but is not guaranteed accurate.
