Ready for Development! Owner financing possible with down payment. Terms negotiable. 43 lots within the Town limits of Federalsburg, Maryland. Total lot space as currently platted is 478,596 sq ft or 11 acres, according to public records. Total property area including the unbuilt road space is roughly 13 acres. Right-of-ways to the property are currently platted from Liberty Rd, Bernard Ave, and the Federalsburg Bypass. 855 ft of frontage on the Federalsburg Bypass. Water and sewer available on Bernard Ave. Parcel 05-000211 (lot 17c) is available for purchase from a separate seller. The negotiated price of lot 17c can be deducted from the purchase price of the other 42 parcels. The space could fit an estimated 41 single family homes on conforming lots if the property is replatted to a more efficient layout and road design (see example in images). Estimated Gross Development Value (GDV) for 41 homes is $12,300,000. Listing Agent is also the owner of the property. Property to be conveyed as-is. Buyer to perform due diligence and verify all information. 44 Lots pictured in image because lot 1c is a double lot. Property ID in listing is only for the first lot. List of all property IDs attached. Make an offer!

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty



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