Pemberton Dr, Salisbury, MD 21801
- $1,900,000
- List Price
- $1,900,000
- Days on Market
- 101
- Status
- PENDING
- MLS#
- MDWC2022644
- Lot Size (Acres)
- 16.59
- County
- Wicomico
- School District
- Wicomico County Public Schools
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.
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Additional Information
- Area
- Wicomico Northwest (23-01)
- Taxes
- $1714
- School District
- Wicomico County Public Schools
- Heating
- None
- Heating Fuel
- None
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of SVN/Miller Commercial Real Estate. Contact: 410-543-2440