$5,500,000

MULTI-FAMILY RESIDENTIAL DEVELOPMENT - PERFECTLY LOCATED - ACCESS TO THREE MAJOR SEAPORTS IN BALTIMORE, WILMINGTON AND PHILADELPHIA AS WELL AS ITS MID-ATLANTIC POSITIONING THAT PLACES IT WITHIN A ONE-DAY DRIVE TO APPROXIMATELY 50% OF THE U.S. POPULATION REPRESENTING ONE-THIRD OF THE NATION’S EFFECTIVE BUYING POWER. 58 acres with Possible 170 +/- units adjacent to I - 95 (exit 100) in North East, Maryland - North East, Maryland is a charming small town at the top of the Chesapeake Bay in Cecil County, Maryland. Two parcels P# 637 - 13.68 acres and P# 32 - 44.71 acres. Both parcels are to be sold together! Zoning is residential allowing Four (4) dwelling units per acre - (6) units with TDR. - Semi-Detached, Duplexes, Townhouses, Apartments, allow six (6) units per acre. Property location is adjacent to Chesapeake Ridge Apartments. Located Mid-Way between Baltimore and Philadelphia. I-95 and Rt 40 moments away. Perfect location for commuters! Proximity to Wilmington, Elkton, Chesapeake City, University of Delaware; Newark; Union Hospital; W. L. Gore; Christiana Hospital; Aberdeen Proving Grounds, and many other employers. Ideally located near regional destinations near the Mid-Atlantic corridor. Perryville with Casino and Great Wolf Lodge 10 miles. Explore the outdoors along the Chesapeake Bay and at Susquehanna State Park and Elk Neck State Forest. Enjoy a day trip to the beaches from your home near the Atlantic shore. Current engineer on call.

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