Ringley Dr Boonsboro, MD 21713
- Commercial real estate
- 1.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Ringley Dr
- Lot size
- 1.26 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.26-acre commercial lot in Boonsboro, MD, presents a unique investment opportunity. Situated on a corner, this property benefits from high visibility and accessibility. The lot is zoned for commercial use and is ideally positioned to capitalize on the anticipated increase in traffic flow resulting from the approved extension of Chase Six Boulevard. This extension will connect Route 66 to an alternate Route 40, creating a highly desirable bypass and significantly increasing traffic volume at the intersection directly in front of the property. This is one of three available lots, offering a rare chance to establish a presence in a rapidly developing area. The ground lease for this specific lot (Lot 5) is offered at a yearly rate of $79,200, translating to a monthly rate of $6,600, or approximately $1.44 per square foot. The property's strategic location and the impending infrastructure improvements make it an attractive proposition for businesses seeking high visibility and convenient access to major transportation routes. Serious inquiries are encouraged to explore this promising investment opportunity further. Please inquire about the availability of Lots 3 and 4 as well.
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
- Boonsboro
- County
- Washington
- State
- Maryland
- Longitude
- -77.6575
- Latitude
- 39.5207
