430 Pine Ave - Warehouse FOR SALE


Frederick, MD 21701
$3,175,000 USD
240-357-0493
430 Pine Ave, Frederick, MD for Sale
$3,175,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

430 Pine Ave
Frederick, MD 21701


HIGHLIGHTS

  • Residential development upside
  • Road frontage
  • Strong regional access

OVERVIEW

430 Pine Avenue offers a rare combination of in-place industrial income and long-term residential upside in one of East Frederick's transitioning corridors. The offering includes four structures totaling ±14,000 SF of gross leasable area across three lots (±2.67 AC), zoned M1 Industrial within the City of Frederick. The existing improvements support a range of light-industrial, warehouse, and flex uses, giving an incoming owner-user or investor immediate, permitted utility — whether occupying the space directly or leasing it for in-place income. Beyond its current use, 430 Pine Avenue sits within an evolving East Frederick corridor that is increasingly shifting toward residential and mixed-use development. To support that upside, ownership has commissioned three concept plans illustrating potential redevelopment paths — from 21 for-sale, alley-loaded townhomes, to 30 stacked 2-over-2 townhomes, up to a 59-unit, four-story multifamily building with 89 parking spaces. Each concept is a starting point only; any residential redevelopment would require rezoning and/or entitlement through the City of Frederick. With direct frontage on Pine Avenue and a proposed East 5th Street extension shown in the concept plans, plus quick access to US-15, I-70, and I-270 toward the Washington, D.C. metro, the site is well positioned for buyers ranging from industrial owner-users to residential developers land-banking for future density.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

12

PARKING SPACES

47

LAND DETAILS

LAND ACRES

2.67

LAND SF

116,305

ZONING

MI

APN/PARCEL ID

02-046261

ASK ABOUT THIS PROPERTY

Zachary MackintoshMackintosh Inc. RealtorsMore Info
240-357-0493

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Zachary MackintoshMackintosh Inc. RealtorsMore Info
240-357-0493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.