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Commercial Development Opportunity 3.33+/- Acre Parcel Partially Zoned C-3 in "Severn, Anne Arundel County, MD"

7860 Telegraph Rd. Severn, MD 21144

The site offers approximately 1.50 acres of usable area after accounting for the portion designated as Open Space and containing a stream. This usable area is situated on the northern side of the property, providing extensive road frontage. The C-3 commercial zoning permits approx. 96 different uses.

A link to the Permitted and Conditional Uses are noted above.  A residential use is a Conditional Use.  

Located about 320 feet south of the Donaldson Avenue intersection, the property features 421 feet of frontage along Telegraph Road. Public water and sewer services are likely available, though confirmation with the Anne Arundel County Government is necessary.

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. 

From the Anne Arundel Department of Planning and Zoning:

C3 - General Commercial Districts
This District 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. These commercial uses typically have larger space and land requirements and are located along major roadways. Minimum lot size is 10,000 square feet.  Maximum lot coverage by structures and parking is 80%. Maximum Floor Area Ratio is 2.0. Maximum height is 45 feet based on minimum setbacks and can increase to 72 feet provided setbacks are increased as per formula.

Diligence Package: A copy of the purchase and sale agreement is located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.

Auction Notes: Online Auction Only! Bidding begins Friday, September 27th & ends Wednesday, October 2, 2024 at 1:00 pm.  

Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

Wednesday
October 02, 2024 1pm EDT
Online bidding only
Sold
$451,500
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Auction Agent

Larry E Cooper
410-977-4708