$3,538,000
SOLD JAN 31, 2025
23.89 Acres
$148,095 Price per Acre
1,040,648 Sq Ft Lot

Recently Sold

36% Below List Price

633 Days on Market

Highlights

  • Pond View
  • Premium Lot
  • Cul-De-Sac
  • 23.89 Acre Lot
  • No HOA

About This Lot

As of January 2025

23.89 acres of development land, commercially zoned in north Salisbury. Great location for a Medical Campus or an assisted living facility. Some engineering has been done on the property and some brush has been removed . The property has been engineered for 294 condominium units, this space has been designed by Parker & Associates to bring a major opportunity to one of Salisbury's most eligible development parcels. Located directly behind Target and across from Addison Court apartments, this location is in the heart of Salisbury's shopping, dining and entertaining sector. Utility hookups available on-site. Increased density possible if developed for senior housing, up to 20/ acre. Contact office for further details.

Last Agent to Sell the Property

Tom Ruch

(443) 235-1347 tomruch@northroprealty.com Northrop Realty License #RS-0025135 Listed on: 03/20/2020

Northrop Realty

Co-Listed By

Cindy DelZoppo

(443) 250-6395 cindy@northropteam.com Northrop Realty

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,501

Lot Details

  • 23.89 Acre Lot
  • Cul-De-Sac
  • Premium Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Subdivision Possible
  • No Building Permits
  • Property is zoned GC, General Commercial

Property Views

  • Pond
  • Pasture

Additional Features

  • Urban Location
  • Underground Utilities

Community Details

  • No Home Owners Association
  • Planned Unit Development

Listing and Financial Details

  • Tax Lot PAR A
  • Assessor Parcel Number 05-092248

Property Details

Property Type

Land

Est. Annual Taxes

$23,501

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Historic: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 4.20

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Black Top, Paved
  • View: Pasture, Pond, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Water Available, Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Cleared, Cul-De-Sac, Level, Open, Premium, Pud, Road Frontage, Subdivision Possible
  • Lot Size Acres: 23.89
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1040648.40
  • Soil Types: Sandy
  • Topography Description: Flat
  • Zoning: GC
  • Zoning Description: General Commercial
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 23501.00
  • Assessor Parcel Number: 05-092248
  • Tax Lot: PAR A
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WICOMICO COUNTY PUBLIC SCHOOLS
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $3,538,000 -19.1% --
12/13/2021 12/13/21 Pending -- -- --
03/05/2021 03/05/21 Price Changed $4,375,000 -20.5% --
01/20/2021 01/20/21 For Sale $5,500,000 0.0% --
12/15/2020 12/15/20 Pending -- -- --
10/22/2020 10/22/20 Price Changed $5,500,000 -3.5% --
03/20/2020 03/20/20 For Sale $5,700,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWC107518

Bright MLS