This 4.01-acre parcel on Principio Furnace Road in Perryville, Maryland offers a prime residential development opportunity within a strategic growth corridor. Zoned RM for medium-density residential, the site is ideal for a range of residential projects, such as single-family homes, townhouses, or similar housing developments. With the potential for annexation into the Town of Perryville, the property could gain access to municipal utilities, significantly enhancing feasibility and long-term value.
Positioned near major transportation routes, including I-95 and U.S. Route 40, the property benefits from excellent regional connectivity, making it attractive for commuters while offering proximity to local amenities. The surrounding area features a mix of established neighborhoods and future development sites, supporting a strong residential demand base. Nearby employers such as Amazon, GE, and Smithfield, as well as retail options like Lidl and Ikea, provide a robust employment and consumer foundation.
Entertainment and leisure options—including Hollywood Casino and Furnace Bay Golf Course—further strengthen the location’s appeal.
With an average household income exceeding $118,000 within a five-mile radius, the area’s demographic profile aligns with steady housing demand, making this parcel a compelling choice for residential developers and investors alike.
Karen Kreutzberg
Fifth Street Properties