Mixed-Use Land for Sale in Severn, Maryland

Discover a prime opportunity with this 3.35-acre commercial lot at 7860 Telegraph Rd in Severn, Maryland. Ideally situated near the bustling intersection of Reece Rd and Donaldson Ave, this property offers excellent visibility and easy access to major routes. There are approx. 96 permitted uses with the C-3 commercial zoning. C3 is generally intended for larger arterial strip commercial development and shopping centers that offer a wide range of commercial uses that serve a broad market area including allowable townhome and multi-family devlopment. C3 allows for up to 15 townhomes to be built per acre. The property is located approx. 320' south of the intersection with Donaldson Ave. It has 421' frontage along Telegraph Rd. Public water and sewer are believed to be available to the site but will require verification with the Anne Arundel County Government. Appraised in September 2020 for $980,000 for possible refinancing purposes. Average Annual Daily Traffic (2018) according to the MDOT SHA is approx. 26,000 vehicles. Seller is open to creative offers that involve reduced deposits in exchange for paying seller carry during due dilligence period, possible seller financing, ect.