Property profile

301 Of Maryland Rte Millington, MD 21651

OFF-MARKET
Warehouses
20.54 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Lot 20.54 ac (894,722 SF)

Cap rate & NOI

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

Location

301 Of Maryland Rte Millington, MD 21651
Millington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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