Property Listing No Longer Available for Sale

US Route 50 & Duke Street

Stevensville, MD

Land for Sale - $1,790,000 - 2,058 Sq. Ft. on 10.71 acres


Property Info

CIMLS#845511
Location
  US Route 50 & Duke Street
  Stevensville MD 21666
UpdatedOctober 19th, 2016
TypeLand
Price$1,790,000
Building2,058 Sq. Ft.
Land10.71 acres

Property Description

This highly visible site sits prominently along US Route 50/301, the major thoroughfare for commuters between Washington DC and the Delmarva Peninsula. It is located in historic Stevensville close to shopping and businesses along its Main Street (Route 18)

The 10.71 acres is ripe for commercial redevelopment and is perfect for dining, medical, office, hotels, grocery or other commercial uses.

Two buildings exist on the property (2,061 square feet and 1,600 square feet) for immediate reuse. The property is being sold vacant.

Current zoning - Urban Commercial (UC) - allows for additional development based on a FAR of .40

Seller would consider a ground lease in addition to a sale.

The seller is motivated and welcomes the opportunity to put this property to higher and better use.

Location Description:

This commercially zoned site is located in Historic Stevensville, Maryland. The property sits strategically along the north side of US Route 50/301 where over 72,000 vehicles pass it daily. Historic Main Street (Highway 18) is to the north of the property while and Highway 8 is to the west. The property is easily accessible for westbound U.S. Route 50/301 at Duke Street (exit 38A)

Highlights:

>> Approximately 10.7 total acres

>> Two existing buildings

>> Utilities and water on site

>> Nearly 800 feet of frontage along U.S. Route 50/301

>> Easy access from westbound US 50/301 from existing exit

>> Over 76,000 average daily traffic county

>> Zoned Urban Commercial(UC)

* Email for additional photos


Financials

Sales Info:

>> Commision split: 3.0%