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Listed by Kelly Jeter • SVN/Miller Commercial Real Estate
$1,900,000
Est. payment /mo
16.59 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWC2022644
Annual Tax Amount $1,714
Tax Year 2026
Lot Size 16.590 Acres
Acres 16.59
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property 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.
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning R-8A
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Wicomico County Public Schools
Others
Tax ID 09-088830
Ownership Fee Simple
Special Listing Condition Standard
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