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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
Property Facts
Price | $3,937,920 CAD | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 4.83 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | $3,937,920 CAD |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 4.83 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $3,937,920 CAD | Lot Size | 4.83 AC |
Price Per AC | $815,304 CAD |
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
Parcel Number | 02-241838 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $285,291 CAD |
PROPERTY TAXES
zoning
Zoning Code | PB |
PB |
Presented by
Monocacy Blvd - Parcel C
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