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Key Details
Sold Price $135,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDCH2024478
Sold Date 11/29/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,445
Tax Year 2023
Lot Size 1.370 Acres
Acres 1.37
Property Description
This 1.37-acre TCMX (Town Center Mixed Use) commercial lot is located in a prime location just 1 mile north of the Indian Head Naval Surface Warfare Center, the biggest employer in Charles County, MD. The property is also minutes to Washington D.C., La Plata, and Waldorf, MD. Property on Major Route 210 Indian Head Hwy with 2oo feet of road frontage. Traffic count 12,817.
The zoning allows for a mixture of multi-family residential and commercial uses, apartments, shops, and restaurants, including auto businesses. The property is in an Opportunity Zone, which means that investors can take advantage of federal tax incentives for investing in distressed communities.
This is a great opportunity for investors who are looking to develop a mixed-use project in a thriving area. The property is close to major highways and public transportation, and it has excellent visibility from Indian Head Highway.
The property is also well positioned for future growth, as the area is becoming increasingly developed.
If you are looking for a unique and versatile investment opportunity, this property is the perfect place for you.
Location
State MD
County Charles
Zoning TCMX
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Charles County Public Schools
Others
Tax ID 0907012055
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Financing Cash,Conventional,Seller Financing
Special Listing Condition Standard
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Bought with Gaudy Evelyn Baxter • Coldwell Banker Realty