$2,700,000
$2,988,780
9.7%For more information regarding the value of a property, please contact us for a free consultation.
49,813 SqFt
SOLD DATE : 07/25/2022
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 49,813 sqft
Price per Sqft $54
MLS Listing ID MDCM2000700
Sold Date 07/25/22
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $25,656
Tax Year 2022
Lot Size 5.580 Acres
Acres 5.58
Property Description
Industrial Facility in the Opportunity Zone. 49,813 sq.ft. facility on 5.586 acres. 5 docks (8 x 8) and 1 drive-in door (8 x 8). 3 phase electric 480 volts - steps down to 280. Propane hanging heating, compressed air lines and electrical drops throughout. 6" water line. 2,000 sq.ft. 2nd floor office space overlooking the production area with new a/c, new heat pump and new duct work. Approx 40 employee parking spaces and 15 tractor trailer truck spaces. 5+ acre site offers room for expansion.
Property is under lease until April 2023 with $192,000 annual income.
The Federalsburg Industrial Park is located 1 mile from downtown Federalsburg on MD Rt. 313. The park is equipped with electricity, water, sewer, broadband access and offers paved roads and fire and police protection.
Location
State MD
County Caroline
Zoning ID2
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp, Other
Cooling Heat Pump(s)
Flooring Concrete
Heat Source Electric, Propane - Metered
Exterior
Garage Spaces 55.0
Utilities Available Propane
Waterfront N
Water Access N
Roof Type Metal
Street Surface Black Top
Accessibility Level Entry - Main
Road Frontage City/County
Parking Type Parking Lot
Total Parking Spaces 55
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Caroline County Public Schools
Others
Tax ID 0605026652
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Henry Hanna • SVN |Miller Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "