Current Use by Public Records
- Warehouses
Property Details for 502 Factory Ave
- Lot size
- 4.62 lot acres
- Property type
- Warehouses
- Property subtype
- Refrigerated & Cold Storage
Description
This expansive industrial property in Ridgely, Maryland, presents a significant investment opportunity. Encompassing approximately 9.68 acres (with an additional 4.62 acres potentially available), the complex features seven buildings totaling 129,163 square feet. Four of the buildings (approximately 71,164 square feet) offer refrigerated cold storage capabilities, ideal for various industries. The property boasts 18-30 foot ceiling heights, five loading docks, and ample space for truck parking. Zoned I-2, this versatile site is suitable for warehousing, food production, or manufacturing. The buildings range in size from approximately 9,000 to 30,000 square feet, providing flexibility for diverse operational needs. Renovated in 2012, the property is currently vacant and available for immediate occupancy on October 31, 2024. The asking price is $3,950,000, representing a compelling value at $30.58 per square foot. The property includes existing office space and outbuildings, offering additional storage or operational areas. With significant power capacity (8 megawatts), this complex is well-equipped to support a range of industrial operations. This fee-simple ownership opportunity provides a rare chance to acquire a substantial, well-located industrial asset in Caroline County.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ridgely
- County
- Caroline
- State
- Maryland
- Longitude
- -75.8916
- Latitude
- 38.9442
