0 Somerset AvePrincess Anne, MD 21853

This exceptional 3.3-acre land parcel presents a prime opportunity for residential development in Princess Anne, Maryland. Located on Somerset Avenue, this fee-simple property boasts 155 feet of frontage and is zoned R-1, allowing for multi-family development. The site comprises two parcels, offering flexibility in design and construction. Detailed multi-family development requirements are available upon request. Priced at $150,000, this represents a land value of $45,455 per square foot. Its strategic location offers convenient access to the University of Maryland Eastern Shore (UMES) to the north and the vibrant downtown area of historic Princess Anne to the south, providing a strong potential for rental demand. The property's size and zoning make it ideal for a variety of residential projects, catering to the growing need for housing in this desirable location. Further information regarding zoning regulations and development guidelines is readily accessible. This is a rare opportunity to acquire a substantial land holding in a thriving Maryland community. Don't miss this chance to build your next successful residential project. The property is situated in Somerset County, Maryland, with a zip code of 21853.