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Prime Development Opportunity! Currently set up as 8 units, These two parcels (28646 and 28650), totaling 1.15 acres, are in the final stages of annexation into the city of Salisbury. Once finalized, they will offer access to public water and sewer and will be zoned for up to 12 units per acre. Preliminary plans have been designed for 12 townhomes, or take advantage of the booming rental market with multifamily condo buildings. With direct frontage on a scenic lake, this property presents the perfect opportunity to create a premium waterfront community. Don't miss this exceptional investment potential! Conceptual layouts, plans, plats, etc are available upon request. Currently rented and professionally managed. Showings are NOT available without letter of intent, proof of funds, etc.
| DAYS ON MARKET | 2 | LAST UPDATED | 2/27/2025 |
|---|---|---|---|
| YEAR BUILT | 1935 | COMMUNITY | Wicomico Northwest (23-01) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary School | PEMBERTON |
| Jr. High School | SALISBURY |
| High School | JAMES M. BENNETT |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wicomico Northwest (23-01) |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Electric, Heat Pump |
| LOT | 1.16 acre(s) |
| LOT DESCRIPTION | Cleared, Waterfront |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Private, Parking Lot |
| SEWER | Septic Tank |
| TAXES | 2295 |
| UTILITIES | Cable Available, Phone Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Water, River |
| WATER | Well |
| WATER ACCESS | Owens Branch Lake |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Pond, Lake |
MORTGAGE CALCULATOR
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