Opportunity Zone - North Salisbury Development Land

Route 13 Salisbury, MD 21801

Route 13, Salisbury, MD, 21801
Route 13, Salisbury, MD, 21801
FOR SALE
Property Type:
Other Land
Amount:
$4,303,200
Last Verified:
Dec 29, 2020

Highlights

  • *35.86 Acres
  • *Direct Rt. 13 Access
  • *Additional access from side street

Description

35.86 acres of development land in the retail corridor of North Salisbury.

North Salisbury - US Route 13 in very desirable, high traffic area (42,000 daily). Retailers include: McDonalds, Target, Super Walmart, Sam's Club, Lowes, Homes Depot, Barnes & Noble the regional Centre at Salisbury.

Lot Size: 35.86 acres

Map of Route 13, Salisbury, MD, 21801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.