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412 Railroad Ave Federalsburg, MD 21632

For Sale
$4,250,000

Prime Industrial Property, High ROI

Property size:
100,336 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional 100,336 sq ft industrial property in Federalsburg, MD, sits on 7.93 acres and boasts multiple buildings constructed between 1956 and 2008. The complex features concrete block and steel framing, with recent additions in pre-engineered steel. Improvements include standing seam metal roofs (2020), updated electrical services, and varying ceiling heights from 9 to 35 feet. Heating, ventilation, and air conditioning are present throughout, with cold storage areas equipped with refrigeration. The property is currently leased to M&M Refrigeration, LLC (a Johnson Controls International subsidiary) under a triple net lease through 2033 with two five-year options and annual rent adjustments based on CPI or 2%, whichever is higher. The current annual rent from M&M Refrigeration is $298,120.08. A smaller portion is leased to Jack and Jill, an ice cream distributor, on a month-to-month basis, generating $21,600 annually. The total annual net income is $319,720.08, yielding a 7.52% cap rate at the asking price of $4,250,000. An additional 4.66 acres of undeveloped land may be available separately. Comprehensive due diligence materials, including surveys, leases, environmental reports, are available upon execution of a non-disclosure agreement.

Property Features for 412 Railroad Ave

General Information

Property type
Industrial properties
Square Feet
100,336 SF
Lot Size
345,431 SF

Building Details

Year Built
1956

Property Profile Insight Report Location Intelligence

Current Use by Public Records

M&M Carnot Manufacturer

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Federalsburg
County
Caroline
State
Maryland
Longitude
-75.77911
Latitude
38.68548

FAQs

What type of property is this?
Industrial property - Prime Industrial Property, High ROI
Where is this industrial property located?
The property is located at 412 Railroad Ave Federalsburg, MD.
What is the asking price?
The asking price for this property is $4,250,000.
More about this property
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