12200 Massey Rd Massey, MD 21650
- Office buildings
- 720 SF
- 2.90 lot acres
Current Use by Public Records
- Office buildings
Property Details for 12200 Massey Rd
- Year built
- 1955
- Construction
- BRICK
- Lot size
- 2.90 lot acres
- Property size
- 720 SF
- Zone code
- I
- Property type
- Office buildings
- APN
- 01-009311
- APU
- 1009311
Description
Prime 2.9-acre industrial land parcel located at 12200 Massey Road, Massey, MD 21650, is available for $350,000. This Kent County property boasts a convenient rail spur, adding significant logistical advantages for businesses requiring efficient freight transport. The site currently features multiple existing buildings, offering immediate potential for various industrial uses. The property is zoned C, providing flexibility for a range of development options. The sale includes a special or limited warranty deed, subject to a twenty-year restriction prohibiting the sale or distribution of agricultural chemicals, seed, or fertilizer. This restriction presents a unique opportunity for businesses seeking a strategic location without conflicting land uses. The property's location in Massey, Maryland offers access to key transportation routes and infrastructure, making it an attractive investment for businesses seeking to establish or expand their operations. The asking price of $350,000 represents a compelling value for this strategically located industrial land with existing infrastructure and rail access. Serious inquiries are encouraged to explore the full potential of this exceptional property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $175,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $160,000
- Mixed-Use
- $195,000
- Hospitality
- $160,000
- Educational
- $175,000
- Residential Income
- $180,000
- Energy
- $205,000
- Income-Based Land
- $170,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Massey
- County
- Kent
- State
- Maryland
- Longitude
- -75.8258
- Latitude
- 39.3107