301 Of Maryland Rte, Millington, MD 21651
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.