$4,400,000

116,800+/- sq. ft. Industrial Complex on 7.93+/- acres in Federalsburg, MD This is a prime opportunity to acquire a three-building complex zoned ID-2, offering a mix of industrial warehouse and office space. The property is ideal for an owner-occupant or as an investment, with strong potential for rental income. Property is available for sale at $4,400,000 or lease starting at $4.00 per sq.ft. Current rent is $160,350 annually. IMPROVEMENTS: • Office–Manufacturing–Warehouse facility. • 116,740 square foot total building area. • The property consists of 3 structures. Structure 1: Approximately 93,340 square feet This is the original building with some smaller associated outbuildings. This section comprises the two front office sections labeled “Building 1” and Building 2” on the floor plans. These are connected at the rear to a variety of large manufacturing and warehousing areas. The ceiling height is approximately 30 feet at the roof line in most of the larger warehouse sections. There are also compressed air-lines serving these spaces but most of the compressors have been removed. This section contains a 3,600 sq.ft warehouse section leased to Glacier Point Enterprises, Inc. for $2,150 per month. Structure 2: Approximately 23,400 square feet This is the 325’ x 72’ 23,400 square foot metal building containing the 15-ton and 25-ton bridge cranes. The initial building was originally 150’ x 72’ feet with an additional 175’ x 72’ section added in 2009. The main overhead drive=in door is 14’ x 16’. Ceiling heights are 35 feet to the roof line and 25 feet to the bottom of the moving crane rails. A full set of “as built” engineering drawings for the 175’ x 72’ addition is building are available. There is also an engineering study available of the maximum crane rail capacity if a user wishes to upsize the crane capacity. There are multiple 480v 600 Amp 3 Phase panels serving this building. This building is currently leased at $11,212 per month. Structure 3: Garage Additional Property Details: Parking lot: • Truck/Trailer Parking Spaces: 6+/- • Car Parking Spaces: 50+/- • Total Parking Spaces: 56+/- Infrastructure • ELECTRICAL INFRASTRUCTURE: The property is served by Delmarva Power. There are multiple electrical panels on site serving the various buildings and manufacturing areas. The primary industrial panels are 3 Phase 480/277 Volt - 1.200, 800, & 600 AMP services. • DATA INFRASTRUCTURE: Dedicated Fiber connection up to 10 gigs per second. Current contracted service level 100 megabits up and down. Contact Comcast Business Account Manager• NATURAL GAS: A natural gas connection is provided from the street. Chesapeake Utilities is the utility provider. There is a large propane tank in the rear, but it has not been used for many years. • WATER AND SEWER INFRASTRUCTURE: Pending receipt of data from Federalsburg Public Works for size of service connection from the street. ROOF STATUS: The original building (Property Component 1) had a completely new roof installed in 2021 at a cost of $955,000. A detailed description of the work completed is available upon request. ENVIRONMENTAL STATUS: Property has had a Phase 1 and Phase 2 Survey completed which was reviewed by the MDE (Maryland Department of the Environment). They have issued a letter of satisfaction with the property’s environmental condition dated 7/11/2023, which is available for review in the documents section Zoning: ID-2 • Purpose: "The purpose of this district is to provide for a wide variety of light manufacturing, fabricating, processing, wholesale distributing and warehousing uses appropriately located for access by major thorough fares or railroads. New residential development is excluded." • Permitted uses: "A building or land shall be used only for the following purposes, consisting of general industrial, warehousing, and storage uses,".