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306 Lake Dr 2 - 6.24 Acre Commercial Land Lots Offered at $690,000 - $5,500,000 Per Lot in Queenstown, MD 21658
INVESTMENT HIGHLIGHTS
- 77,000 vehicles per day,
- Traffic signal is being designed
- 404 signal half mile away traffic is often stopped in front of property,
- Approximately 2000' of road frontage on Rt. 50
- Turning lanes in design R in, R out, L in, L out Both of these are in existence now but will be upgraded with a traffic signal in one direction.
EXECUTIVE SUMMARY
26 acres is being divided into 6 lots all Suburban Commercially zoned
Traffic study complete and property has a left in and left out at this time
Property will have a right deceleration lane and well as a right acceleration lane
A traffic signal will be available once development is generating enough traffic volume.
Forestry plan has been recorded
Percs have been completed and the ground has the best perc rate of any property in Queen Annes County
PROPERTY FACTS
6 LOTS AVAILABLE
Lot 1
| Price | $5,500,000 | Lot Size | 6.24 AC |
| Price Per AC | $881,410.26 |
| Price | $5,500,000 |
| Price Per AC | $881,410.26 |
| Lot Size | 6.24 AC |
GAS STATION lay out attached. 6.24 acre parcel with approximately 1000' of road frontage with access from both the East and West lanes of route 50. Traffic counts over 77K vehicles per day in summer. Forestry plan has been recorded. Percs completed.
Lot 2
| Price | $990,000 | Lot Size | 2.00 AC |
| Price Per AC | $495,000.00 |
| Price | $990,000 |
| Price Per AC | $495,000.00 |
| Lot Size | 2.00 AC |
A 2.5 acre parcel with approximately 410' of road frontage with access from both the East and West lanes of route 50. Traffic counts over 77K vehicles per day in summer. Forestry plan has been recorded. Percs completed.
Lot 3
| Price | $690,000 | Lot Size | 2.60 AC |
| Price Per AC | $265,384.62 |
| Price | $690,000 |
| Price Per AC | $265,384.62 |
| Lot Size | 2.60 AC |
A 2.6 acre parcel aproved for commercial apartments. Percs completed. Monitoring wells installed and have passed all testing so far. Tree clearing permit in place.
Lot 4
| Price | $690,000 | Lot Size | 2.40 AC |
| Price Per AC | $287,500.00 |
| Price | $690,000 |
| Price Per AC | $287,500.00 |
| Lot Size | 2.40 AC |
A 2.4 acre parcel with access from both the East and West lanes of route 50. Traffic counts over 77K vehicles per day in summer. Forestry plan has been recorded. Percs completed. MDE has signed off on clearing permit, clearing to start shortly.
Lot 5
| Price | $690,000 | Lot Size | 2.50 AC |
| Price Per AC | $276,000.00 |
| Price | $690,000 |
| Price Per AC | $276,000.00 |
| Lot Size | 2.50 AC |
A 3.29 acre parcel with access from both the East and West lanes of route 50. Traffic counts over 77K vehicles per day in summer. Forestry plan has been recorded. Percs completed. MDE has signed off on clearing permit, clearing to start shortly.
Lot 7
| Price | $3,650,000 | Lot Size | 3.29 AC |
| Price Per AC | $1,109,422.49 |
| Price | $3,650,000 |
| Price Per AC | $1,109,422.49 |
| Lot Size | 3.29 AC |
A 3.29 acre parcel with approximately 410' of road frontage with access from both the East and West lanes of route 50. Traffic counts over 77K vehicles per day in summer. Forestry plan has been recorded. Percs completed. MDA signed off on clearing.
DESCRIPTION
Proposed: Lot 1 6.24 acres Lot 2 /2.0 acres Lot 3 / 2.6 acres Lot4/ 2.4 acres Lot 5/2.5 acres Lot 6 / Leased Lot 7 3.29 acres Lot 7 / 2.8 acres
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $302,600 | Total Assessment | $669,000 |
PROPERTY TAXES
Presented by
306 Lake Dr
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