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Rental Townhouse Redevelopment

Lot 1 Watkins Place, Cascade, MD

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.
  • www.ritchierevival.com

 

Highlights:

  • 27 Townhouse/Duplex Units (23 Existing 4 Potential)
  • Zoning – Special Economic Development (Washington)
  • Price – $1,900,000
  • Utilities on site
  • Lot 1 Watkins Place, Cascade, MD
  • 6.8 acres
  • $1,900,000

Seamus Fitzgerald

Executive Vice President
Fitzgerald Realty Group, Inc.

Meagan Fitzgerald Romero

Senior Associate Sales & Leasing
Fitzgerald Realty Group, Inc.