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- LoopNet Team
30591 Dagsboro Rd
Salisbury, MD 21804
MARTINS MILL Multifamily Subdivision · Land For Sale
·
34.67 AC
INVESTMENT HIGHLIGHTS
- Fantastic Location For Townhomes or Apartments!
- Complete Infrastructure Pricing Analysis Completed
- Approved For 157 Townhomes - Can Potentially Have Up To 600 Apartments
- Perfect Zoning For Multifamily Uses - R10A
PROPERTY FACTS
DESCRIPTION
There is an existing 44.38 acre section consisting of 3 parcels ( 25.18 ac + 4.13 ac +15.07 ac) from which a 30 to 33 acre section will be cut out (see Exhibit A site plan) to define the multifamily complex. This will exclude the church structure, adjacent parking lot and athletic fields. The Seller will work with the Buyer if some geometry or access adjustments to the current site plan as defined in the “Exhibit A” site diagram need to be made. The property currently has access off Dagsboro Road. The extension of North Point Drive will attach to the property to the south. Zoning is City Of Salisbury R-10 A: See attached Approval Letter and Zoning Text for Options. Highest and best use factors are projected to be apartments or town homes. Site is approved for 157 town homes. Project Engineer projects this could be changed to 500 to 600 apartments if desired.
PROPERTY TAXES
| Parcel Number | 05-090431 | Improvements Assessment | $803,100 |
| Land Assessment | $388,800 | Total Assessment | $1,191,900 |
PROPERTY TAXES
