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    9328 Bay Street

    BERLIN, MD 21811
    • $500,000
    • STATUS: Active
    • ON SITE: 488 days
    • MLS #: MDWO111338
    $500,000
    • 0
      BEDS
    • 5.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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!!

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    9328 Bay Street BERLIN, MD 21811

    • Price: $500,000
    • Status: Active
    • MLS #: MDWO111338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.25
    Acres
    Neighborhood:
    Worcester East Of Rt-113
    County:
    Worcester
    Area:
    Worcester East Of Rt-113
    School District:
    Worcester County Public Schools
    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!!
    Exterior Features

    Garage YN No Lot Features ClearedPud Riparian Rights YN No View Garden/Lawn Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Property Features

    Acceptable Financing CashConventional Assessment Year 2020 Association YN No Central Air YN No Construction Completed YN No Cross Street Rt 50 Current Use Land/Lot Only Federal Flood Zone YN No Incorporated City Name Berlin Navigable Water YN N New Construction YN No Original MLSNumber 302205662041 Ownership Interest Fee Simple Possession Settlement Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 1690.00 Tax Assessment Amount 96200.00 Tax Lot 2A Vacation Rental YN No Water Source Public Zoning R-3

     
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    Maryland Shore Living | Benson & Mangold Real Estate
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    Easton MD, 21601