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    301 Of Maryland Rte 291 Millington, MD 21651

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    For Sale
    Contact for pricing

    ±40 Acres, 2 Warehouses, 195 Parking Spaces

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property portfolio in Millington, Maryland, offers two warehouse buildings situated on approximately 40 acres (20.54 to 20.67 acres per lot). Each building boasts a substantial 256,924 square feet of space, featuring up to 45 loading docks and a generous 45-foot clear interior height. Preliminary site plan approvals were received on June 6, 2024. The property benefits from public water and sewer access and is zoned for Employment Center use, allowing for flexible operational possibilities. Ample parking is available, including over 80 trailer parking spaces per building and additional employee parking. Bulk regulations support the impressive clear height. This prime location in Kent County offers easy access to major metropolitan areas including Wilmington, Philadelphia, Baltimore, Washington D.C., and Northern Virginia. The property is available for purchase as a single lot or as a portfolio, presenting a unique opportunity for significant investment and development potential. Tax Map 31 – Parcel 6-1, Lot 1 and Lot 2.

    Property Features for 301 Of Maryland Rte 291

    General Information

    Property type
    Distribution properties
    Lot Size
    894,722 SF

    HighLights

    • Tax Map 31, Parcel 6‑1.
    • Two lots totaling approximately 41.2 acres.
    • Lot 1: +/- 20.543 acres (256,924 SF); Lot 2: +/- 20.665 acres (256,924 SF).
    • Preliminary site plan approvals received June 6, 2024.
    • Latitude 39.272110, Longitude -75.866636.
    • Employment Center zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Millington
    County
    Kent
    State
    Maryland
    Longitude
    -75.8811162
    Latitude
    39.2644821

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    FAQs

    What type of property is this?
    Distribution property - ±40 Acres, 2 Warehouses, 195 Parking Spaces
    Where is this distribution property located?
    The property is located at 301 Of Maryland Rte 291 Millington, MD.
    What are key features of this property?
    This property features: Tax Map 31, Parcel 6-1.; Two lots totaling approximately 41.2 acres.; Lot 1: +/- 20.543 acres (256,924 SF); Lot 2: +/- 20.665 acres (256,924 SF).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 Of Maryland Rte 291 Millington, MD 21651
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