Henry Hanna, CCIM, SIOR recently settled on approximately 40 acres in Salisbury, MD. Henry represented the seller, Land Holding, LLC. The land has potential for 60 single family homes or 160 town homes or 425 apartments all within city limits. Henry said, “With the shortage of housing stock in Wicomico County and continually improving residential market conditions, a local builder saw this as an opportunity.”
John McClellan, CCIM, SIOR also with SVN Miller Commercial Real Estate represented the buyer in this transaction. “With strong residential demand in this market, a residential developer saw the value in this opportunity. Whether it is the convenient location right off Route 50 or the proximity to downtown Salisbury, this will surely be a new construction development you will want to watch out for,” said McClellan.
To inquire about this transaction or would like to discuss available opportunities with Henry, please contact our office at 410.543.2420 or henry.hanna@svn.com.
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. SVN provides advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution and proactive market collaboration to achieve the goals of the client with always the clients best interest coming first. SVN maintains an unequivocal fiduciary commitment to its clients and community (#SVNgivesback).
SVN | Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).
For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.
