31 Unit TH Redevelopment Parcel @ Ft Ritchie 6.81 Acres of Residential Land Offered at $1,900,000 in Cascade, MD 21719

Residential Land & Home Lots Maryland Cascade 31 Unit TH Redevelopment Parcel @ Ft Ritchie, 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.

ATTACHMENTS

Plat Map
Brochure

PROPERTY FACTS

Price $1,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 6.81 AC

1 LOT AVAILABLE

Lot

Price $1,900,000
Price Per AC $279,001.47
Lot Size 6.81 AC
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CONTACTS

  • Listing ID: 32199753

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: Cascade, MD 21719

The Land Property at Cascade, MD 21719 is currently available for Sale. Contact Fitzgerald Realty Group, Inc. for more information.

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