1002 Park Lane Cambridge, MD 21613
Developer's Dream in Cambridge, MD! Cambridge is in the middle of a major development transformation - now is the opportunity to get in on the ground floor of the city's high-density growth future. This exceptional property offers nearly 2 acres of prime development land, with the potential to purchase an additional adjoining acre. Featuring road frontage on three sides, the property is approximately 99% cleared and ready for development. An added bonus is the 12-foot-wide city-owned alley that may be obtainable, creating even more flexibility for site planning and access. Ideal for 55+ median-income single-story townhomes, multifamily housing, or a variety of other residential development opportunities. Surrounding properties include two-story townhomes, apartment buildings, single-family homes, and a nearby nursing home - making this a versatile and highly desirable location. Conveniently located just 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. Enjoy nearby access to the Choptank River for boating, fishing, crabbing, and numerous community parks and recreational opportunities. Contact the listing agent for a complete list of permitted uses. Possible owner financing available for qualified buyers.
property details
Utility & Building Info
Price History
| date | event | price | source |
|---|---|---|---|
|
05/13/2026
05/13/2026
|
Active |
$299,900
|
Bright MLS (MDBMLS-R) |
Market Trends
Source: Constellation1
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