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Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDFR275710
Sold Date 06/22/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $87
Tax Year 2021
Lot Size 28.370 Acres
Acres 28.37
Property Description
Buyer paid Ag Transfer Tax. Contract was non-contingent, cash purchase.
Rare commercial land development opportunity. Property is zoned MXD (Mixed Use Development) and is approved for 12 acres of general commercial use (convenience store, fast food, hotel, child care center, self-storage, automotive sales & repair etc.) and 5 acres of employment/institutional use (medical/professional offices, hotel, private school etc). The remaining 8 acres will be open space. The property developer has complete flexibility regarding the specific location of the general commercial and employment uses. Lake Linganore Boulevard will be extended across the Property and serve as a direct connection between the westbound I-70 ramps and the 2,000+ homes located in the Linganore Town Center, Oakdale Village, and the Cromwell Active Adult community. Property being offered "as is". Settlement to occur in 2021.
Location
State MD
County Frederick
Zoning MXD
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1109229523
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with David E Wilkinson • MacRo, Ltd.