Search
Food Processing & Cold Storage Facility
For Sale
Contact for pricing

502 Factory Lane, Ridgely, MD 21660

Single-site food processing operation with frozen storage, dry storage, and processing space.

Property Size127,000 SF
Lot Size331.00 Acres
Days on Market120

Property Features for 502 Factory Lane

General Information

Standard status Active
Size 127,000 SF
Lot size 331.00 Acres
Property subtype Industrial
Listing Agency: SVN | Miller Commercial Real Estate Salisbury
Listed By: Flo Brotzman · License #MD
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 11:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Miller Commercial Real Estate Salisbury

Investment Insights

Based on property information with market context.

The facility is a freezer/cold storage food processing plant totaling 127,000 square feet, including 65,000 square feet of frozen storage, 26,000 square feet of dry storage, and 36,000 square feet of processing area. The property also includes a Discharge Permit (Spray Irrigation) that expires 11/30/2023 and a State Water Appropriation & Use Permit that expires 8/31/31.

The asset is located in Ridgely, MD at 502 Factory Lane and sits on 331 acres. The company has favorable electric contracts with Direct Energy that a buyer would assume.

Key Highlights

  • 127,000 SF food manufacturing facility on 331 acres in Ridgely, MD
  • On‑site storage includes 65,000 SF frozen storage and 26,000 SF dry storage
  • 36,000 SF processing area as part of the single‑site food processing operation

Property Analytics

Current Use

Hanover Foods Corporation Food Processing Plant

Suggested Use

Top Pick HVAC Service Auto Parts Store Plumbing Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

126
Businesses Nearby

Demographics for 21660, MD

3,927
Population
1,571
Households
2.5
Avg Household Size
41
Median Age
17%
College-Educated
88%
High-School Grad
32.7 sq mi
ZIP Area
120
Density / Sq Mi
$76,917
Median Household Income
$39,785
Median Earnings
$1,008
Median Rent
$322,500
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Manufacturing property - Single-site food processing operation with frozen storage, dry storage, and processing space.
Where is this manufacturing property located?
The property is located at 502 Factory Lane Ridgely, MD.
What are key features of this property?
This property features: 127,000 SF food manufacturing facility on 331 acres in Ridgely, MD; On‑site storage includes 65,000 SF frozen storage and 26,000 SF dry storage; 36,000 SF processing area as part of the single‑site food processing operation
(410) 543-2421 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message