Lot 1 Watkins Place, Cascade, MD 27 Townhouse Units | 6.8 acres
Desciption
Rare opportunity to acquire 27 Townhouse/Duplex units (23 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 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.