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Myrtle Avenue,  Laurel MD, 20724

(Active)
$2,500,000
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MLS# MDAA2078858
Last Updated: 5/20/2024 3:01 PM
Description for Myrtle Avenue Laurel, MD 20724
Nestled in Laurel, Maryland, this expansive 6.33-acre (estimated) Mixed Residential 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 10 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, these 6.33-acre parcels becomes an even more enticing prospect for those seeking to contribute to the dynamic expansion of Laurel, Maryland, and Anne Arundel County.
Price
$2,500,000
ANNE ARUNDEL
MDAA2078858
Active
Description
Nestled in Laurel, Maryland, this expansive 6.33-acre (estimated) Mixed Residential 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 10 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, these 6.33-acre parcels becomes an even more enticing prospect for those seeking to contribute to the dynamic expansion of Laurel, Maryland, and Anne Arundel County.
Listing Information
Property Type: Land, Other
10 Acres
Neighborhood
School Information
District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
MARYLAND CITY MACARTHUR MEADE
Room Information
Driving Directions
Located adjecent to Watershed community. No access available without owner and/or listing agent.
Financial Considerations
020400002899505
$10,208
Listing Price History

Laurel Real Estate

Laurel is located in Maryland. Laurel, Maryland 20724 has a population of 17,827.

The median household income in Laurel, Maryland 20724 is $99,747. The median household income for the surrounding county is $103,070 compared to the national median of $66,222. The median age of people living in Laurel 20724 is 41 years.

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Courtesy: HomeSource Pro Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/20/2024 3:01 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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