Redevelopment Opportunity

736 Woods Road Cambridge, MD 21613

FOR SALE
Property Type:
Street Retail
Amount:
$1,100,000
Last Verified:
Dec 29, 2020

Highlights

  • Opportunity Zone - 6.49 Acres of Redevelopment Land
  • City services
  • Excellent location just off US Route 50
  • Zoned Commercial Mixed Use

Description

6.49 Acre site just off US Route 50 on Woods Road. All city services on site. Located just off US Route 50, Ocean Gateway. Site is zoned Corridor Mixed Use and includes a wide variety of uses including: restaurants, retail, professional office, commercial sales and service, etc. Located in Opportunity Zone and other Tax Credit are available through the State of Maryland.

Located just off US Route 50 on the west side of Woods Road.

Building Size: 19910sq ft
Lot Size: 6.57 acres

Map of 736 Woods Road, Cambridge, MD, 21613

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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.