12760 Cow Barn RdRidgely, MD 21660

  • Commercial land
  • 400 SF
For Sale
$59,900 View listing

Property Details for 12760 Cow Barn Rd

Lot size
3.55 AC
Property size (Sq ft)
400 SF
Zone code
R1
Property type
Commercial land
APN
07-000375
APU
7000375

Description

This exceptional 3.55-acre property presents a remarkable investment opportunity in the thriving town of Ridgely, Maryland. Strategically zoned, the land offers commercial zoning in the front and residential zoning in the back, providing flexibility for a variety of development possibilities. The property includes a sturdy 20x20 foot concrete shed, ideal for storage or immediate use. While conveniently located just minutes from downtown Ridgely, it also enjoys proximity to outdoor recreational areas. Tuckahoe and Martinak State Parks, offering fishing, kayaking, trails, and picnic areas, are within a short driving distance. For those needing access to larger transportation networks, the Bay Bridge is a convenient 25-minute drive, and Dover is approximately 30 minutes away. The property's location along Route 404 ensures easy accessibility. Please note that the lot has not undergone perc testing. This presents a unique chance to acquire a versatile parcel of land with significant potential in a desirable location. The combination of commercial and residential zoning, along with the existing shed and convenient location, makes this property an attractive proposition for both developers and investors. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $98,722
    Hospitality
    $90,429
    Educational
    $75,236
    Medical
    $77,823
    Retail
    $117,034

Location Insight

City
Ridgely
County
Caroline
State
Maryland
Latitude
38.9582
Longitude
-75.8931

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$174
$15,900
-
$15,900
-
$15,900
-
$15,900

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