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Key Details

Property Type: Vacant Land

Sub Type: Land

Listing Status: Active

Purchase Type: For Sale

Lot Size: 5.250 Acres

MLS Listing ID: MDWO111338

Short Sale: No

HOA Y/N: N

Originating MLS: BRIGHT

Property Description

Developer/Investor alert!!! LOCATED IN A DESIGNATED MD OPPORTUNITY ZONE!! May be eligible for big tax incentives and special financing!! 5.25 planned unit development (PUD) right on Bay Street in Berlin Md!!Site plan for 38 units or 19 Duplexes. Seller has retained the water and sewer rights since 2003!! ( 38 EDU's)Previous site plan available . Comes to $13,000 per unit land costs and you will get the EDU's at a big discount!!! Walk to downtown Berlin, and just minutes to Ocean City beaches, casino, golf, Assateague Island etc. Berlin is booming and there is a big housing shortage in the area! Great opportunity for investors and developers!!

Location

State: MD

County: Worcester

Area: Worcester East Of Rt-113

Zoning: R-3

Exterior

Waterfront: N

Water Access: N

View: Garden/Lawn

Garage: N

Building

Lot Description: Cleared,PUD

Lot Dimensions: 0.00 x 0.00

Sewer: Public Sewer

Water: Public

New Construction: N

Schools

School District: Worcester County Public Schools

Others

Tax Amount: $1,690

Tax Year: 2020

Tax ID: 03-034100

Ownership: Fee Simple

SqFt Source: Assessor

Acceptable Financing: Cash,Conventional

Special Sale: Standard

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Listing provided by Keller Williams Realty Delmarva

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Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

PROPERTY HISTORY

Date Event Price Source

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Olson Realty

 302-448-6000

Brokerage RB- 0020318

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