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Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,500
MLS Listing ID MDFR2028792
Sold Date 02/16/23
Originating Board BRIGHT
Year Built 1860
Annual Tax Amount $19,121
Tax Year 2022
Lot Size 55.000 Acres
Acres 55.0
Property Description
This farm has two uses: It has a cell tower with four carriers with a leasing income of $152,000/year.
It also is an equestrian farm with a total of 55 acres.
The bank barn has a climate-controlled environment for a hot/cold wash stall. tack room, 10 tack lockers, grooming area, clubroom, bathroom, and washer/dryer hook-up. Two additions feature (24) 12x12 stalls with rubber mats. Water and electric are accessible.
There's a training barn with an office/tack room, feed/storage room, central matted tack area, (11) 12x12 stalls and (1) 12X14.5 stall with rubber mats and (6) with stall lights. Water and electric are accessible.
There's an attached indoor arena (60x200).
The pole barn (24x64) is on concrete.
The equestrian area was leased out for $3600 per month but not in operation at the moment.
On the southern eastern end of the property there's very old stone house which is not habitable. On the north end of the property there is a perc site for a future home.
The driveway has a shared maintenance agreement with two other property owners,
The valuation of the property was considered on the basis of about $600,000 on the equestrian farm (7.1 % cap rate) and $2.4 million on the cell tower leases (7.1 % cap
Location
State MD
County Frederick
Zoning AGRICULTURE
Interior
Hot Water 60+ Gallon Tank
Heating Space Heater
Cooling None
Heat Source Electric
Exterior
Garage Spaces 16.0
Water Access N
View Scenic Vista
Accessibility None
Total Parking Spaces 16
Garage N
Building
Lot Description Open, Sloping
Sewer Perc Approved Septic
Water Well
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1123442396
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Edwin G Stanfield • Long & Foster Real Estate, Inc.