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PROPERTY OVERVIEW ~ Perfect Site for Townhomes and Apartments in the rapidly growing Salisbury area. ~ Located adjacent to Addison Court the highest end Apartment Complex in the region ~ PROPERTY HIGHLIGHTS ~ Fantastic Location For Townhomes or Apartments! ~ Approved For 157 Townhomes ~ Can Potentially Have Up To 600 Apartments ~ Perfect Zoning For Multifamily Uses R10A ~ Complete Infrastructure Pricing Analysis Completed ~ Substantial Engineering Work Already Completed ~ See engineering cost synopsis in the attached PDF documentThere is an existing 44.38 acre section consisting of 3 parcels ( 25.18 ac + 4.13 ac +15.07 ac) from which a 30 to 33 acre section will be cut out (see Exhibit A site plan) to define the multifamily complex. This will exclude the church structure, adjacent parking lot and athletic fields. The Seller will work with the Buyer if some geometry or access adjustments to the current site plan as defined in the ~Exhibit A~ site diagram need to be made. The property currently has access off Dagsboro Road. The extension of North Point Drive will attach to the property to the south. Zoning is City Of Salisbury R-10 A: See attached Approval Letter and Zoning Text for Options. Highest and best use factors are projected to be apartments or town homes. The site is approved for 157 townhomes. Project Engineer projects this could be changed to 500 to 600 apartments if desired.

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Listed by Chris Peek of SVN |Miller Commercial Real Estate

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