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Description
6.49 Acre site just off US Route 50 on Woods Road. All city services on site. Located just off US Route 50, Ocean Gateway. Site is zoned Corridor Mixed Use and includes a wide variety of uses including: restaurants, retail, professional office, commercial sales and service, etc. Located in Opportunity Zone and other Tax Credit are available through the State of Maryland.
Highlights
Opportunity Zone - 6.49 Acres of Redevelopment Land
City services
Excellent location just off US Route 50
Zoned Commercial Mixed Use
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 3,414 | 20,749 | 25,891 | |
| Population Median Age | 40 | 42 | 43 | |
| Population by Age | 0-9 Yrs | 430 (12%) | 2376 (11%) | 2949 (11%) |
| 10-19 Yrs | 419 (12%) | 2205 (10%) | 2771 (10%) | |
| 20-29 Yrs | 460 (13%) | 2856 (13%) | 3241 (12%) | |
| 30-39 Yrs | 340 (9%) | 2187 (10%) | 2744 (10%) | |
| 40-49 Yrs | 513 (15%) | 2258 (10%) | 2667 (10%) | |
| 50-59 Yrs | 533 (15%) | 3050 (14%) | 3839 (14%) | |
| 60-69 Yrs | 293 (8%) | 2682 (12%) | 3371 (13%) | |
| 70+ Yrs | 426 (12%) | 3134 (15%) | 4307 (16%) | |
| Median HH Income | $44,330 | $50,963 | $53,393 | |
| Total Household Income | < 24K | 375 (26%) | 2093 (23%) | 2389 (21%) |
| 25-49K | 435 (30%) | 2198 (25%) | 2676 (24%) | |
| 50-74K | 293 (20%) | 1762 (20%) | 2163 (19%) | |
| 75-99K | 210 (14%) | 1154 (13%) | 1508 (13%) | |
| 100-199K | 96 (6%) | 928 (10%) | 1255 (11%) | |
| 200K+ | 15 (1%) | 616 (7%) | 890 (8%) | |
| Highest Education Level | No Diploma | 307 | 1696 | 1998 |
| Diploma or GED | 968 | 5325 | 6621 | |
| Some College | 409 | 3297 | 4101 | |
| Assoc. Degree | 152 | 755 | 898 | |
| Bachelors Degree | 473 | 2633 | 3515 | |
| Higher Degree | 122 | 1338 | 1805 | |
| Total Housing Units | 1,849 | 11,026 | 13,586 | |
| --Owner-Occupied | 511 | 4,645 | 6,393 | |
| --Renter-Occupied | 912 | 4,106 | 4,489 | |
| Owner-Occupied Values | < 100K | 82 | 610 | 747 |
| 100-199K | 197 | 1592 | 1970 | |
| 200-299K | 103 | 1283 | 1897 | |
| 300-399K | 72 | 628 | 894 | |
| 400-499K | 26 | 111 | 214 | |
| 500K+ | 31 | 421 | 672 | |
| Total Working Age Population | 2,693 | 16,900 | 21,155 | |
| In Work Force | 1,858 | 10,757 | 13,295 | |
| Not In Work Force | 835 | 6,143 | 7,861 | |
| Workforce Employed | 1,697 | 9,804 | 12,111 | |
| Workforce Unemployed | 151 | 938 | 1,169 | |
| Civlian Workforce | 1,848 | 10,742 | 13,280 | |
| Military Workforce | 10 | 15 | 15 | |
| Total Households | 1,423 | 8,751 | 10,883 | |
| Family Households | 808 | 5,329 | 6,916 | |
| Non-Family Households | 615 | 3,422 | 3,967 | |
| Married Couple | 472 | 3,450 | 4,703 | |
| Other Family | 337 | 1,880 | 2,213 | |
| Married w/Child | 129 | 837 | 1,120 | |
| Single Male w/Child | 43 | 208 | 239 | |
| Single Female w/Child | 160 | 891 | 1,028 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Maryland | 5,296,486 | +9 | 5,773,552 | +6 | 6,141,900 | +6 | 6,518,750 |
| Dorchester County | 30,674 | +6 | 32,618 | +5 | 34,300 | +9 | 37,350 |
| Talbot County | 33,812 | +12 | 37,782 | +3 | 38,850 | +5 | 40,900 |