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    OFF-MARKET
    Warehouses

    301 Of Maryland Rte, Millington, MD 21651

    20.54 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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