31 Unit TH Redevelopment Parcel @ Ft Ritchie
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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 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 6.81 AC |
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 | Lot Size | 6.81 AC |
Price Per AC | £218,542 |
Price | £1,488,270 |
Price Per AC | £218,542 |
Lot Size | 6.81 AC |
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31 Unit TH Redevelopment Parcel @ Ft Ritchie
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