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Property summary
This 19,656 square foot industrial property in Millington, MD, offers a unique investment opportunity. The property consists of three buildings on a 1.92-acre lot, including a 6,000 square foot office building constructed in 1965 with a 2023 Duralast roof and a 5-year-old HVAC system. Two additional steel buildings, insulated and equipped with propane heaters, house the manufacturing operations. The property features energy-efficient LED lighting throughout, paved parking for over 30 cars, and a security fence around the production areas. Public water and sewer services are available, along with Delmarva Power electricity (208 Volt supply). High-speed internet access is available via ThinkBig fiber. The property is zoned LI - Light Industrial and benefits from its strategic location, within a two-hour drive of Wilmington, Philadelphia, Baltimore, and Washington, D.C. The asking price is $1,595,000, representing $81.15 per square foot. This fee-simple ownership opportunity is ideal for owner-users seeking a well-maintained manufacturing facility in a convenient location. The property was built in phases, with construction dates of 1965 and 1995. The property includes ample parking and is served by public utilities. This is a single-tenant, 100% occupied building.
Property profile
VerifiedCap rate & NOI
Current use
-
Building Supply Factory
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI-1 · Millington, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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