Pemberton Drive, Salisbury, MD 21801
Property Details
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.
PROPERTY DETAILS: Square Feet: 1659
INTERIOR FEATURES: • Cooling: None • Heating: None
EXTERIOR FEATURES: • Parking: None. • Zoning: R-8A • Structural Condition: New Construction
LISTING AGENT: Agent: Kelly Jeter | Office: SVN |Miller Commercial Real Estate
LISTING INFORMATION: MLS#: MDWC2022644 | Status: FOR SALE
Location
Address
Pemberton Drive
City
Salisbury
Features and Finishes
Interior Features:
• Cooling: None
• Heating: None
Exterior Features:
• Parking: None.
• Zoning: R-8A
• Structural Condition: New Construction
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