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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 29,000 sqft
Price per Sqft $44
MLS Listing ID MDCM125494
Sold Date 04/28/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $12,806
Tax Year 2021
Lot Size 5.000 Acres
Acres 5.0
Property Description
Opportunity Zone - 29,000 sq.ft. manufacturing facility on 5 acres. Warehouse is fully heated and cooled. 2 - 10' docks with levelers and 1 - 10' drive-in door. Warehouse has compressed air lines and electrical rails. Racking included. Warehouse offers small private offices, tool room and multi stall restrooms. 3 phase electric. Column spacing of approximately 20'. Warehouse is heated by zoned oil heat (inspected and certified 5/2021). Ceiling height is 14' (12' to rafters). Roof was recoated 8/2020 and offers 5 year warranty. 2 exterior maintenance sheds. Fully sprinklered. 3,000 sq.ft. front office space offers private offices, kitchen, meeting room, owner's office with full restroom. Separate hvac for the office. 5 acre site offers room for expansion. The Federalsburg Industrial Park is located 1 mile from downtown Federalsburg on MD Route 313. The park is equipped with electricity, water, sewer, broadband access and offers paved roads and fire and police protection. The Maryland & Delaware Railroad line borders the park. The park is located near several ports: Baltimore 80 miles, Philadelphia 124 miles, Norfolk 170 miles and New York 207 miles. Property is currently under lease through 8/2023 at $10,312.50 per month rental income. ($103,125 net yearly income).
Location
State MD
County Caroline
Zoning ID2
Interior
Hot Water Electric
Heating Zoned, Other
Cooling Heat Pump(s)
Flooring Concrete
Heat Source Oil
Exterior
Garage Spaces 40.0
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 40
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Caroline County Public Schools
Others
Tax ID 0605026377
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Monitored,Security System
Special Listing Condition Standard
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Bought with Wesley Cox • SVN |Miller Commercial Real Estate