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Investment Highlights

  • Easily accessible location.

Executive Summary

Two buildings comprising 8,400 SF on a 3.8-acre lot with 1.5 acres of parking/IOS space. Zoning is GB (General Business), which allows a wide range of commercial, office, and service uses including contractor's offices and storage. Main building is approximately 6,700 SF and includes 1,340 SF of fully conditioned office space and 5,360 SF of heated warehouse space with ceiling heights ranging from 9' to 16' at eaves (11' to 19' at peaks), radiant floor heat, and served by 3 drive-in doors. Second building is 1,690 SF manufacturing/warehouse space with 11’ clear ceiling height and is served by one drive-in door. The property is served with 800 amps, three-phase electric service, and public water and sewer. The Property has served as the home of Federal Stone Industries (pool coping manufacturer) for over 80 years; Federal Stone is transitioning to a new facility and has limited current operations at this property. Property will be conveyed vacant; several storage sheds are available to convey with the Property.

Property Facts

Price $1,200,000
Price Per SF $142.86
Sale Type Investment or Owner User
Sale Condition High Vacancy Property
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.88 AC
Rentable Building Area 8,400 SF
No. Stories 1
Year Built 1935
Tenancy Single
Parking Ratio 2.98/1,000 SF
No. Drive In / Grade-Level Doors 4
Zoning R2

Amenities

  • 24 Hour Access
  • Storage Space

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Manufacturing
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Manufacturing - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
15-324279
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$535,733
  • Listing ID: 35549621

  • Date on Market: 4/18/2025

  • Last Updated:

  • Address: 142 Water St, Thurmont, MD 21788

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