474 Lums Rd North East, MD 21901
- Warehouses
- 25,000 SF
Current Use by Public Records
- Warehouses
Property Details for 474 Lums Rd
- Property size
- 25,000 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
Description
This exceptional 4-acre commercial property in Cecil County, Maryland, presents a rare ground-up development opportunity. Located on Lums Road, just half a mile from Interstate 95 and three miles north of North East, MD, this site boasts a highly desirable location within the rapidly growing I-95 corridor. The property offers flexible development plans, accommodating warehouse space ranging from 18,000 to 25,000 square feet, even without the proposed larger warehouse structure. Significant progress has already been made on the approval process, with the major site plan approval ready for submission, ensuring a swift development timeline. This commercially zoned parcel is uniquely positioned as the only one of its kind in the immediate area, creating a high barrier to entry for competitors. Its strategic corner location on a well-traveled cut-through route, bypassing Route 272, guarantees high traffic visibility. The property benefits from its proximity to major distribution centers and the economic boom experienced in the region, situated between Philadelphia and Baltimore, promising continued growth and strong returns. The asking price for this prime development opportunity is $450,000. This is a truly exceptional investment prospect in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North East
- County
- Cecil
- State
- Maryland
- Longitude
- -75.9351
- Latitude
- 39.6333
