Cambridge Development
1002 PARK Ln, Cambridge, MD 21613
For Sale
$274,900
Prime development land near downtown Cambridge.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market180
Property Features for 1002 PARK Ln
General Information
Standard status
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Anthony M Golden · License #309721
(443) 783-0249
Source:
Elliman
Added: May 14
Changed: Nov 5
Last Checked: Nov 8 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
This property offers nearly 2 acres of land suitable for development. An additional adjoining acre may also be available for purchase. The property is approximately 99% cleared and features road frontage on three sides. A 12-foot-wide city-owned alley may be obtainable, potentially increasing site planning and access flexibility. The location is ideal for various residential development opportunities, including 55+ median-income single-story townhomes and multifamily housing. Surrounding properties include two-story townhomes, apartment buildings, single-family homes, and a nearby nursing home. The property is conveniently located minutes from downtown Cambridge dining, shopping, festivals, and historic attractions. Quick access to Route 50 provides easy access to big-box retailers and newly renovated shopping centers. The location also offers nearby access to the Choptank River for boating, fishing, crabbing, and numerous community parks and recreational opportunities. Cambridge is undergoing a major development transformation, presenting an opportunity for growth. Possible owner financing is available for qualified buyers.
Key Highlights
- Nearly 2 acres of prime development land, with potential to purchase an additional adjoining acre.
- Road frontage on three sides, offering flexible site planning and access.
- Approximately 99% cleared and ready for development.
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Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
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Business Placement
Demographics for 21613, MD
17,967
Population
9,331
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
87%
High-School Grad
153.7 sq mi
ZIP Area
117
Density / Sq Mi
$53,171
Median Household Income
$38,078
Median Earnings
$965
Median Rent
$279,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Prime development land near downtown Cambridge.
Where is this residential land & home lot located?
The property is located at 1002 PARK Ln Cambridge, MD.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Nearly 2 acres of prime development land, with potential to purchase an additional adjoining acre.; Road frontage on three sides, offering flexible site planning and access.; Approximately 99% cleared and ready for development.
