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    8401 Progress Ct Frederick, MD 21701

    Sponsored
    For Sale
    $1,500,000

    Prime 1.77-acre commercial/industrial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.77-acre commercial and industrial land parcel, located at 8401 Progress Court in Frederick, Maryland, presents a compelling development opportunity. Priced at $1,500,000, this M1-zoned property boasts high visibility along Monocacy Boulevard, directly across from Ruters and situated at a newly installed traffic light. The site plan approval for a single 20,000 square foot building is already in place, streamlining the development process. Alternatively, a concept plan exists for two 10,000 square foot buildings, offering flexibility for owner-users seeking to expand their operations and lease out additional space, or for investors looking to develop multiple units. The property's strategic location within a high-traffic area ensures maximum exposure, making it ideal for a wide range of commercial and industrial uses. The 21701 zip code provides easy access to major transportation routes and amenities, further enhancing its appeal. This is a rare opportunity to acquire a highly visible, readily developable lot in a thriving area of Frederick County. The property's size and zoning make it suitable for a variety of uses, promising significant return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing market.

    Property Features for 8401 Progress Ct

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • 1.77‑acre commercial/industrial land parcel in Frederick, MD, priced at $1,500,000.
    • M1‑zoned, high visibility on Monocacy Blvd., across from Ruters, at a new traffic light.
    • Approved site plan for a 20,000 sq ft building; concept plan for two 10,000 sq ft buildings.
    • High‑traffic location in 21701 zip code, excellent access to transportation and amenities.
    • Ready for immediate development, offering significant ROI in a rapidly growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.377109
    Latitude
    39.436832

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    FAQs

    What type of property is this?
    Land - Prime 1.77-acre commercial/industrial lot.
    Where is this land located?
    The property is located at 8401 Progress Ct Frederick, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.77-acre commercial/industrial land parcel in Frederick, MD, priced at $1,500,000.; M1-zoned, high visibility on Monocacy Blvd., across from Ruters, at a new traffic light.; Approved site plan for a 20,000 sq ft building; concept plan for two 10,000 sq ft buildings.
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    8401 Progress Ct Frederick, MD 21701
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    Frederick, MD 21701
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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
    8401 Progress Ct Frederick, MD 21701
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