Property profile

75 Engerman Ave Denton, MD 21629

FOR LEASE
Commercial land
Property ID
US40-0739740
5.54 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5.54-acre industrial site, located in Denton, Maryland's Industrial Park at 75 Engerman Ave, zip code 21629, presents a prime development opportunity. Fully entitled and shovel-ready, this property is approved for a 60,000 square foot industrial building, with the potential to expand by an additional 12,000 square feet. The site boasts a 28-foot ceiling height and features four 14x14 drive-in doors. All utilities are conveniently located at the curb. Strategically situated in the heart of the Delmarva Peninsula, this location offers unparalleled access to major transportation arteries. US Route 404 provides a key East-West connection, while proximity to US 301, US Route 50, and US Route 13 ensures seamless connectivity throughout Delaware and beyond. The Bay Bridge is a mere 20 minutes away, providing easy access to the Western Shore. The Lower Shore, including Sussex County, Delaware, and the Salisbury, Maryland area, are also within convenient reach. This is an exceptional opportunity to acquire a fully entitled, ready-to-build industrial site in a high-demand location. Asking price is $536,300.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.54 ac (241,322 SF)
Zoning code LI
APN 03-031446
UPID US40-0739740

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

75 Engerman Ave Denton, MD 21629
Denton metro Census 955301
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2022
Last sale
$200,000
2 recorded transactions
2022
$200,000
2017
$215,000

Zoning & alternative use

LI · Denton, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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