30591 DAGSBORO RD Salisbury, MD 21804 -- MLS# MDWC108628 Real Estate

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30591 DAGSBORO RD

Salisbury, MD 21804

SOLD

$1,250,000

Sold

Acres

MLS# MDWC108628

Property Details

PROPERTY OVERVIEW Perfect Site for Townhomes and Apartments in the rapidly growing Salisbury area. Located adjacent to Addison Court the highest end Apartment Complex in the region PROPERTY HIGHLIGHTS Fantastic Location For Townhomes or Apartments! Approved For 157 Townhomes Can Potentially Have Up To 600 Apartments Perfect Zoning For Multifamily Uses R10A Complete Infrastructure Pricing Analysis Completed Substantial Engineering Work Already Completed See engineering cost synopsis in the attached PDF documentThere 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. The site is approved for 157 townhomes. Project Engineer projects this could be changed to 500 to 600 apartments if desired.

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Property Highlights

Status

Sold

Price

$ 1,300,000

Property Type

Land

Acres

33.00

Location

County

WICOMICO

Water View

Water Front

Heating, Cooling & Utilities

Navigable Water

Sewer/Septic

Public Sewer

Taxes & Terms

Ownership Interest

Fee Simple

Taxes

$2,939

Financing

Cash

Ownership Interest

Fee Simple

Potential Short Sale

Standard

HOA

Listed by Svn/miller Commercial Real Estate. Listing Data last updated 30th May, 2023 10:00 MST

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 30-May-2023 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2023 Buying Buddy. All calculations should be independantly verified.

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Property History

1069 days ago

Property Listed

964 days ago

Date of last price change

447 days ago

Date Sold

24 days ago

Property info last updated

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Listing Data last updated: 30th May, 2023 10:00 MST