UnimprovGrnd - SALISBURY, MD
GREAT INVESTMENT DEAL - 35.2 Acres annexed into City of Salisbury with public water & sewer. Approved for residential development, 212 units. Entrances on Beaglin Park Drive and Old Ocean City Rd. Excellent development opportunity for rental units. At $2,800,000 this is $13,208/unit for the land cost. Seller will form a partnership with a builder/investor by providing the land for the project to then share in the project. Could be a 55+ community. AGRICULTURAL RECAPTURE TAX HAS BEEN PAID. Close to Salisbury University, Wor-Wic Community College, Salisbury Airport served by U.S.Air, shopping, restaurants & entertainment. Excellent choice of medical facilities close by. Easy access to Bay Bridge via Route 50 to the West; Ocean City and Delaware beaches via Route 50 to the East. Seller is a licensed real estate agent in Delaware.
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