Gambrills, MD – April 28, 2025 – Hyatt Commercial is pleased to announce the sale of 833 MD Route 3 North in Gambrills, Maryland. Reidel Associates, LLC sold the fully finished 1-acre pad site to Waugh Chapel Investments, LLC, with Bill Steffey of Hyatt Commercial brokering the transaction on behalf of the seller.
The property occupies a prime corner within the Main Street at Waugh Chapel mixed-use retail center. With over 74,000 vehicles passing daily, it enjoys high visibility and is surrounded by national retailers such as IHOP, McDonald’s, 7-Eleven, and Lifebridge ExpressCare.
Moreover, the pad site features full grading, utilities, curb, gutter, paving, and parking, enabling the buyer to start development immediately. Consequently, the site offers exceptional readiness and reduces upfront costs for the new owner.
Waugh Chapel Investments plans to develop a 48± unit condominium project on the site. This project will enhance residential density while complementing the established retail and commercial environment.
“This site offered a unique combination of visibility, infrastructure readiness, and mixed-use synergy,” said Bill Steffey of Hyatt Commercial. “We’re excited to see how the next phase of development enhances the community.”
Read Other Recent Sales: