UnimprovGrnd - SALISBURY, MD
35.2 Acres, fronting on Beglin Park Drive/Parker Road/Old Ocean City Rd. Approved entrances on Beaglin Park Drive & Old Ocean City Rd. Known as Farlow Fields LLC. Has been annexed into City of Salisbury. Public sewer & water. Zoned R10 City. Approved for 212 units. Excellent development opportunity. At $2,800,000 this comes to $13,208/unit for the ground. Property is located close to schools, medical facilities, educational facilities, shopping, entertainment, restaurants and the beach. 30 minutes to Ocean City. Salisbury University and Wor-Wic Community College are two educational institutions available for people who would live in Farlow Fields. Route 50 West connects to the Bay Bridge and on to Washington & Baltimore. This is an excellent piece of property to develop. Owner is a real estate agent in Delaware. Buyer to pay all settlement costs--Deed preparation, property transfer tax, fees associated with Mortgage financing and attorney fees. Agricultural Transfer Tax has already been paid by the seller.
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