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911 PORT ST EASTON, MD 21601
- Commercial / Resale (MLS)
Property Details for 911 PORT ST, EASTON, MD 21601
Features
- Price/sqft: $738
- Lot Size: 49223 sq. ft.
- Total Units: 1
- Stories: 100
- Heating: Heat Pump
- Construction Type: Brick
- Exterior Walls: Metal
Facts
- Year Built: 01/01/1948
- Property ID: 874116270
- MLS Number: MDTA2007576
- Parcel Number: 01-043560
- Property Type: Commercial
- County: TALBOT
- Legal Description: LOT 1.13 AC N/S POINT ROAD W OF EASTON
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This is the sale of a land development site. nnThe site comprises one parcel of beautiful waterfront land, the first available redevelopment property on Easton Point. It is divided into two zoning areas: approximately 32,190 SF with a "Water's Edge" designation and approximately 22,600 SF designated Port Street (which is its road frontage). We believe it is accurate to say that at an estimated buildout square footage of 45,500 SF, its total development density/capacity is far greater than any other waterfront property located on the Eastern Shore. The Town of Easton is anxious to kick start the redevelopment of Easton Point, and has the motivation and the tools built into the zoning written specifically for this sub-area plan to reward the first developer.nnThe shop / warehouse referenced herein provides revenue for a while, and might then be a construction office or materials storage location until its ultimate demolition.nnBecause there are so many unknowns stemming from this being the first of its kind under new zoning requirements, the seller will be very willing to work with a qualified buyer to align the land value with the actual economics of an approvable development plan. That said, the potential is remarkable and the asking price reflects the unusually high quality of this offering.nn- 255 linear feet of bulkheaded, board-walked waterfront with 12' depthn- Only Easton Point property with Town-required boardwalk already in placen- Annexation in 2018 provides access to public sewer and watern- First project has plenty of EDU's, can accommodate any development plann- First project to develop under the new MXW zoning created especially for Easton Pointn- By way of example, it appears one could build a brewery with outdoor seating on the waterfront, residential above, a restaurant on the street front, with townhouse residential on floors two and three, and connect the two with parking, courtyard and landscaping
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Property Brokerage:
SVN/Miller Commercial Real Estate
206 Main STREET
Salisbury
MD
21801
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.