Pemberton Dr
- Fully approved plans — 153-unit site plan approved and permit-ready with no additional entitlement risk
- City utilities in place — site is fully served by City of Salisbury municipal water and sewer
- Comprehensive due diligence — seller has completed extensive pre-development work, dramatically reducing buyer risk
- By-right upside — unit count expandable to 165 units with a minor redesign under existing R-8A zoning
- Geotechnical complete — soil borings conducted throughout the entire site confirm prime development conditions
- 30-day close-to-construction — all groundwork laid for an immediate start upon acquisition and permitting
Property 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,900,000 |
| Lot Size: | 16.59 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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