
Description
This property is ready for prime retail development as the last remaining vacant corner parcel in the Kent Island area. As shown in the exhibit, other similar parcels are improved with gas stations, banks, pharmacies, and restaurants. There is a hotel in the northwest corner of this intersection. WaWa and Royal Farms have recently bought and developed neighboring corners at 5x price. The location is in the northeast corner of US Route 50 and VFW Avenue - with two right in, right out highway exits. There are two lots with ready potential for reconfiguration as desired. There are no restrictions on clearing woods. Sewer and water are at the property and available. There are 900 linear feet frontage and an access lane on the north side of US Route 50 . There is water frontage on Winchester Creek off the Chester River.
Description
This property is ready for prime retail development as the last remaining vacant corner parcel in the Kent Island area. As shown in the exhibit, other similar parcels are improved with gas stations, banks, pharmacies, and restaurants. There is a hotel in the northwest corner of this intersection. WaWa and Royal Farms have recently bought and developed neighboring corners at 5x price. The location is in the northeast corner of US Route 50 and VFW Avenue - with two right in, right out highway exits. There are two lots with ready potential for reconfiguration as desired. There are no restrictions on clearing woods. Sewer and water are at the property and available. There are 900 linear feet frontage and an access lane on the north side of US Route 50 . There is water frontage on Winchester Creek off the Chester River.
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