8401 Progress Ct Frederick, MD 21701
- Industrial properties
- 1.77 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 8401 Progress Ct
- Lot size
- 1.77 lot acres
- Zone code
- M1
- Property type
- Industrial properties
- APN
- 02-257580
- APU
- 2257580
Description
This exceptional 1.77-acre commercial and industrial land parcel, located at 8401 Progress Court in Frederick, Maryland, presents a compelling development opportunity. Priced at $1,500,000, this M1-zoned property boasts high visibility along Monocacy Boulevard, directly across from Ruters and situated at a newly installed traffic light. The site plan approval for a single 20,000 square foot building is already in place, streamlining the development process. Alternatively, a concept plan exists for two 10,000 square foot buildings, offering flexibility for owner-users seeking to expand their operations and lease out additional space, or for investors looking to develop multiple units. The property's strategic location within a high-traffic area ensures maximum exposure, making it ideal for a wide range of commercial and industrial uses. The 21701 zip code provides easy access to major transportation routes and amenities, further enhancing its appeal. This is a rare opportunity to acquire a highly visible, readily developable lot in a thriving area of Frederick County. The property's size and zoning make it suitable for a variety of uses, promising significant return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,080,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,225,000
- 6.5%
- $1,145,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,270,000
- Geo Method
- $1,325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,270,000
- Retail
- $1,260,000
- Mixed-Use
- $1,200,000
- Hospitality
- $1,455,000
- Educational
- $1,305,000
- Residential Income
- $1,110,000
- Energy
- $1,245,000
- Income-Based Land
- $1,310,000
- Food Service
- $1,160,000
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.3771
- Latitude
- 39.4368
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA