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Monocacy Blvd - Parcel C

4.83 Acres of Commercial Land Offered at $3,937,920 CAD in Frederick, MD 21701

Executive Summary

Parcel ‘C’ on Monocacy Boulevard in the City of Frederick, is a 4.8 Acre± land parcel prime for development for a new Life Science, Office, Manufacturing, Lab or Testing facility offered for sale or joint venture exclusively by CPG Realty, LLC.

Property Facts

Price $3,937,920 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Medical
Total Lot Size 4.83 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $3,937,920 CAD
Price Per AC $815,304 CAD
Lot Size 4.83 AC

Description

CPG Realty, LLC (“CPG”), as exclusive representative to the Seller, is pleased to present Parcel ‘C’ on Monocacy Boulevard, in the quickly changing East Frederick corridor for sale or joint venture. Parcel ‘C’ is a 4.834 Acre± land parcel and within a Qualified Opportunity Zone and is currently zoned Professional Business (“PB”), hereinafter referred to as the Property (the “Property”). The Property has frontage on Monocacy Boulevard, and is directly across from Renn Quarter, a 1,000+ unit Mixed Unit Development currently under development. The Property also adjoins Oxford Development’s planned 300,000 SF Life Science project to the north. The Frederick Municipal Airport is to the East, and the Property is minutes from Historic Downtown Frederick providing a wide variety of services including 60+ restaurants. The existing zoning of PB permits several by right and conditional uses including Life Sciences Labs, Testing & Manufacturing, Office Business & Professional, Medical Cannabis Dispensary, Medical Laboratory, and Multifamily Residential (Conditional). Additionally, the City adopted a new Comprehensive Plan in 2020 which reflects a designation of Business Park which includes additional flexibility. The Property is a rare opportunity to purchase 4.834 Acres± in the City of Frederick, within a Qualified Opportunity Zone, in a quickly changing, business friendly environment.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-241838
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$285,291 CAD

zoning

Zoning Code PB
PB
  • Listing ID: 26639591

  • Date on Market: 2022-09-15

  • Last Updated:

  • Address: Monocacy Blvd, Frederick, MD 21701

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