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31 Unit TH Redevelopment Parcel @ Ft Ritchie

6.81 Acres of Residential Land Offered at £1,488,270 in Cascade, MD 21719

Executive Summary

Rare opportunity to acquire 31 Townhouse/Duplex units (27 existing, 4 potential) on 6.81 acre parcel for redevelopment. Property consists of 3 Duplexes, 4 Four-Unit Townhouses, 1 Five-Unit Townhouse, 1 Four-Unit Slab Foundation. Property was formerly housing at Fort Ritchie. A site wide redevelopment of Fort Ritchie is underway. The existing businesses already open as a part of the redevelopment include Meritus Primary Care, JRJ Manufacturing, Harshman Automotive, Greenhouse Cafe, Mountain Top Ice Cream Shop and more. Water/Sewer is with Washington County, requires meter installation, and may be eligible for a fee waiver. Gas is propane currently with AC&T. Electricity is under construction to connect with Potomac Edison. Similar adjacent housing parcel was recently redeveloped into rentals and is 100% leased.

Property Facts

Price £1,488,270
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 6.81 AC

1 Lot Available

Lot

Price £1,488,270
Price Per AC £218,542
Lot Size 6.81 AC
  • Listing ID: 32199753

  • Date on Market: 20/06/2024

  • Last Updated:

  • Address: Cascade, MD 21719

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