BridgeWater Real Estate Brokerage is pleased to exclusively present the rare opportunity to quickly build a 123-unit community near the University of Maryland.
The property, also known as EcoGrads, is 0.52 acres of vacant land fully entitled to develop 123 residential units on a corner lot on Route 1 in the heart of College Park. Investment highlights include:
▪ Fully entitled
▪ Multiple tax incentives including Qualified Opportunity Zone (QOZ) and Qualified Census Tract (QCT)
▪ Corner lot offers frontage on two roads
▪ Within a half mile from Campus and one block from LIDL
▪ Market demand for studios, affordable and elderly units
▪ Developing housing for the elderly may allow for;
➢ an exemption from County school impact fees and
➢ a reduced parking requirement
