Commercial > Industrial
Active
04/04/2024
List Price
$2,950,000
911 Port St
Easton, MD 21601
- -Bed
- -Bath
- 3,995ft²Living Area
- 1.1acLot Size
- -Pool
- 30Car
- 1948Year Built
- 313DOM
- -Permit
911 Port St, Easton, MD 21601 is a 3,995 ft² commercial industrial property property built in 1948 on a 1.130 acre lot. This commercial industrial property is currently listed for $2,950,000, and it was last sold in 2002 for $560,000.
MLS Description
The listing agent's description. Original Listing
This is the sale of a land development site.
The site comprises one parcel of beautiful waterfront land, the first available redevelopment property on Easton Point. It is divided into two zoning areas: approximately 32,190 SF with a "Water's Edge" designation and approximately 22,600 SF designated Port Street (which is its road frontage). We believe it is accurate to say that at an estimated buildout square footage of 45,500 SF, its total development density/capacity is far greater than any other waterfront property located on the Eastern Shore. The Town of Easton is anxious to kick start the redevelopment of Easton Point, and has the motivation and the tools built into the zoning written specifically for this sub-area plan to reward the first developer.
The shop / warehouse referenced herein provides revenue for a while, and might then be a construction office or materials storage location until its ultimate demolition.
Because there are so many unknowns stemming from this being the first of its kind under new zoning requirements, the seller will be very willing to work with a qualified buyer to align the land value with the actual economics of an approvable development plan. That said, the potential is remarkable and the asking price reflects the unusually high quality of this offering.
- 255 linear feet of bulkheaded, board-walked waterfront with 12' depth
- Only Easton Point property with Town-required boardwalk already in place
- Annexation in 2018 provides access to public sewer and water
- First project has plenty of EDU's, can accommodate any development plan
- First project to develop under the new MXW zoning created especially for Easton Point
- By way of example, it appears one could build a brewery with outdoor seating on the waterfront, residential above, a restaurant on the street front, with townhouse residential on floors two and three, and connect the two with parking, courtyard and landscaping
Listing Agents
The listing agent for 911 Port St is Bob Greenlee.
BG
Bob Greenlee
SVN/Miller Commercial Real Estate
Phone: (410) 543-2440
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$5,065.45From latest Total Assessed Value0.72%Total Assessed Value$701,100=Land+
Assessed Value$543,200Additions
Assessed Value$157,900
In 2023, taxes billed for 911 Port St were $5,065.45, which is 0.72% from latest Total Assessed Value of $701,100.
Property History
911 Port St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 911 Port St
Hazard Risks
Wind130Hurricane122Nat'l Avg100Ozone88Air Pollution88Weather85Particulates82Carb Mono73Lead50Hail46Earthquake35Tornado34
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 911 Port St.
Walkability Index
11 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
911 Port St has a walkability score of 11 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
28°F
High
46°F
Summer
Average
Low
65°F
High
86°F
In the winter at 911 Port St, temperatures range from 28.39°F to 45.61°F with an average of 37°F. In the summer, the temperature ranges from 65.34°F to 85.66°F with and average of 75.5°F.
School Information
Public/private schools serving 911 Port St
Public Schools
Easton High School
Grades: 9-12
1.77 mi
C+
Easton Middle School
Grades: 6-8
0.99 mi
C-
Easton Elementary School
Grades: PK-5
0.60 mi
C-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 911 Port St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 21601.
Seasonal Housing units 21601
42%of housing is for seasonal rent.
Daytime Population for 21601
-2%of people during work hours.
Boundary map of 21601.
Crime Index for 21601
98
98
The crime index in 21601 is 98, which is 1.0 times lower than national average.
Market Trends
Historical market data near 911 Port St over selected time period.
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