$600,000
$599,900
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MYRTLE AVE Laurel, MD 20724
10 Acres Lot
Key Details
Sold Price $600,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDAA2083732
Sold Date 09/09/24
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $10,208
Tax Year 2024
Lot Size 10.000 Acres
Acres 10.0
Property Description
Nestled in Laurel, Maryland, this expansive 10-acre parcel of land holds immense promise as a prime investment opportunity. Zoned MXD-R (Mixed-Use Development-Residential) in Anne Arundel County, this property offers a canvas for a diverse range of mixed-use development projects. What sets it apart is its strategic adjacency to the Watershed development, a thriving project poised to transform the surrounding area. To maximize value, purchase both this property and the 6.33 acre adjacent property to allow for more development opportunities.
The MXD-R zoning classification allows for a harmonious blend of residential and commercial elements, including single-family homes, townhouses, apartments, retail spaces, offices, and recreational facilities. As the Watershed development progresses, the potential for future access to public water and sewer facilities enhances the allure of this parcel, opening up new possibilities for infrastructure support.
Investors and developers have a unique opportunity to capitalize on the growth potential of this location, leveraging the benefits of neighboring developments. With the prospect of future access to public water and sewer services, this 10-acre parcel becomes an even more enticing prospect for those seeking to contribute to the dynamic expansion of Laurel, Maryland, and Anne Arundel County.
Location
State MD
County Anne Arundel
Zoning MXD-R
Exterior
Water Access N
Garage N
Building
Sewer No Sewer System
Water None
Schools
School District Anne Arundel County Public Schools
Others
Tax ID 020400002899505
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Joshua Mast • HomeSource Pro Real Estate