28740 Ocean Gateway, Salisbury, MD, 21801

28740 Ocean Gateway Salisbury, MD 21801

Salisbury
FOR SALE
Property Type:
Other Land
Amount:
$495,000
Last Verified:
Feb 01, 2024


Description

Prime development property located on Rt 50 in Salisbury, Maryland. A retirement community conceptual plan has been done on this site with other commercial uses. Great location for many other users.

Property located at 803 Ocean Gateway Salisbury Maryland comprising of approximately two acres which includes three parcels and a house of approximately 1344 sq. ft. The house on the property includes rental income.

Lot Size: 2.5 acres

Map of 28740 Ocean Gateway, 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.