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**Prime Development Opportunity With Rare Waterfront Potential!** These two parcels-28646 and 28650-totaling 1.15 acres, consist of 8 units and are in the final phase of annexation into the city of Salisbury. Once complete, you'll gain access to public water and sewer along with zoning that allows up to 12 units per acre, opening the door to a wide range of possibilities. 28650 currently has a single family home with 28646 having two multifamily properties. Please note, not all units are currently rented or rentable. Whether you envision a standout single-family residence with expansive grounds, a collection of premium townhomes, or high-demand multifamily buildings to capitalize on Salisbury's strong rental market, this property offers the flexibility to bring your vision to life. Preliminary concepts for 12 townhomes have already been drafted, and additional layouts, plats, and plans are available upon request. With direct frontage on a tranquil lake, the site is ideally suited for a true waterfront community"”perfect for creating desirable living spaces with natural views and outdoor amenities. The property is currently improved with 8 units and is professionally managed.
| DAYS ON MARKET | 346 | LAST UPDATED | 2/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1935 | COMMUNITY | Wicomico Northwest (23-01) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary School | PEMBERTON |
| Jr. High School | SALISBURY |
| High School | JAMES M. BENNETT |
| PRICE HISTORY | |
| Prior to Dec 24, '25 | $449,900 |
|---|---|
| Dec 24, '25 - Feb 3, '26 | $424,900 |
| Feb 3, '26 - Today | $399,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wicomico Northwest (23-01) |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Electric, Heat Pump |
| LOT | 1.16 acre(s) |
| LOT DESCRIPTION | Cleared, Waterfront |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Private, Parking Lot |
| SEWER | Septic Tank |
| TAXES | 2295 |
| UTILITIES | Cable Available, Phone Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Water, River |
| WATER | Well |
| WATER ACCESS | Owens Branch Lake |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake, Pond |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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