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4943 Snow Hill Rd
Salisbury, MD 21804
Asking Price
$4.25M
Asset Type
Land
Class
Class B
What's Special
Land | 125.79 acres <p><span style="color: rgba(0, 0, 0, 1)">Prime Development Opportunity!!! 125+ acres of cleared land zoned R20, which allows for low density residential development. Located just minutes from Tidal Health Peninsula Regional Hospital and Salisbury University, as well as only 30 miles from Ocean City, this property is situated in close proximity to the Rt.13 Salisbury Bypass which provides easy access to major shopping and dining districts throughout Salisbury and the Eastern Shore region. </span>
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NOI
$80,000
Cap Rate
1.88%
DSCR
0.32
Underwater
Cash-on-Cash
-13.52%
Monthly Payment
$21,026.681
Annual Cash Flow
$-172,320.173
