Redevelopment Site - Rt. 50, Sunburst Highway, Cambridge - Located in Opportunity Zone

200-208 Sunburst Highway - US Rt. 50 Cambridge, MD 21613

200-208 Sunburst Highway - US Rt. 50, Cambridge, MD, 21613
200-208 Sunburst Highway - US Rt. 50, Cambridge, MD, 21613 200-208 Sunburst Highway - US Rt. 50, Cambridge, MD, 21613
FOR SALE
Property Type:
Other Land
Amount:
$1,400,000
Last Verified:
Apr 05, 2021

Highlights

  • Tremendous street frontage and visibility
  • 27,000 cars per day on Sunburst Highway
  • 12,000 cars per day through Maryland Ave Intersection
  • 1.39 acre site with 388' frontage on US Rt. 50
  • Located in an Opportunity Zone

Description

Redevelopment site at the lighted intersection of Rt. 50 (Sunburst Highway) & Maryland Avenue. 1.39 acres. Tremendous street frontage and visibility. Zoned C-2. Traffic count is 27,000 cars per day on Sunburst Highway and 12,000 cars per day through the Maryland Avenue intersection. 4 parcels total being sold together. 2,763 sq.ft. existing building of no value.

Intersection of Sunburst Highway (Rt. 50) & Maryland Avenue.

Lot Size: 1.3 acres

Map of 200-208 Sunburst Highway - US Rt. 50, 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.