Listing Agency: Segall Group a***@segallgroup.com Show Phone

Listed By: Andrew Segall · License #MD 5695

Source: Crexi

Added: Oct 28, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:03AM

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Investment Insights

Based on property information with market context.

This commercial site is available for sale and is located near the signalized intersection of New Design Road and Corporate Drive. The property is situated adjacent to Patriot Federal Credit Union, Kingsbrook Crossing Shopping Center, which includes a Giant Food store, and the Ballenger Creek Nature Trail. This location presents an excellent opportunity for a variety of retail, restaurant, or office businesses looking to serve a suburban trade area.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Food Market Kitchen & Bath Showroom Barber Shop Grocery & Convenience 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

356

Businesses Nearby

Explore this area Business Placement

Demographics for 21703, MD

41,138

Population

15,773

Households

2.6

Avg Household Size

35

Median Age

43%

College-Educated

92%

High-School Grad

32.0 sq mi

ZIP Area

1,286

Density / Sq Mi

$105,293

Median Household Income

$56,791

Median Earnings

$1,887

Median Rent

$364,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Commercial site suitable for retail, restaurant, or office uses.

Where is this commercial land located?

The property is located at 7091 Corporate Drive Frederick, MD.

What is the asking price?

The asking price for this property is $700,000.