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Pemberton Dr
Salisbury, MD 21801
Asking Price
$1.90M
Asset Type
Commercial Land
Class
Class B
What's Special
Pemberton Dr, Salisbury, MD 21801 <ul><li>Fully approved plans — 153-unit site plan approved and permit-ready with no additional entitlement risk</li><li>City utilities in place — site is fully served by City of Salisbury municipal water and sewer</li><li>Comprehensive due diligence — seller has completed extensive pre-development work, dramatically reducing buyer risk</li><li>By-right upside — unit count expandable to 165 units with a minor redesign under existing R-8A zoning</li><li>Geotechnical complete — soil borings co
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
