166 Raintree Dr - Specialty FOR SALE


Elkton, MD 21921
$2,500,000 USD
166 Raintree Dr, Elkton, MD for Sale
$2,500,000 USD
Specialty - FOR SALE
1/10
null | 8% Cap Rate

166 Raintree Dr
Elkton, MD 21921


HIGHLIGHTS

  • 129-Acre FAA-Approved Airport Property with active runway (expandable to 3,719 ft)
  • Prime Mid-Atlantic Location — between Philadelphia and Baltimore, minutes from I-95 and major distribution hubs
  • Mixed-Use Zoning Flexibility: 89 acres Commercial/Industrial (ideal for hangars, logistics hub) 22.9 acres Residential (ideal housing development)
  • Eligible for Sale, Lease, or Joint Venture — scalable opportunities for developers and investors

OVERVIEW

Claremont Airport (“58M”) is an FAA-approved public airport located in Cecil County, Maryland, offering a unique large-scale development opportunity encompassing aviation, industrial logistics, residential, and mixed-use components. The 129-acre site includes a 2,989 ft runway (approved extension planned to 3,719 ft), approved airpark zoning, and direct access to major interstates and the Mid-Atlantic corridor between Philadelphia and Baltimore. Opportunities include: Hangar development and leasing Aircraft storage and maintenance facilities Distribution and Commercial industrial zones Residential airpark community JV partnerships for long-term airport expansion

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

58M Claremont Airport Development

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Airport

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

129 AC

LAND SF

5,619,240 SF

ZONING

C-1/C-2/C-3, R-1/R-2/R-3

APN/PARCEL ID

04-037340

ASK ABOUT THIS PROPERTY

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