Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the project through to the finish line. Ideal for an investor looking to make a profit or someone looking to build a primary residence, a vacation getaway, an investment opportunity—or all of the above!
For sale
Price cut: $10.1K (6/25)
$589,900
13444 Madison Ave, Selbyville, MD 21842
3beds
2,000sqft
Est.:
Single Family Residence
Built in 1958
5,000 Square Feet Lot
$-- Zestimate®
$295/sqft
$-- HOA
What's special
Oversized corner lot
- 1120 days
- on Zillow |
- 500 |
- 8 |
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