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23865 Race Track Rd - Mid-Shore Regional Business Park 60.54 Acres of Industrial Land in Ridgely, MD 21660



Investment Highlights
- One of the largest single-ownership development sites currently available on Maryland’s Eastern Shore.
- Location provides regional connectivity to the Chesapeake Bay Bridge corridor, the Delmarva Peninsula, Washington-Baltimore corridor and more.
- Well-suited to a variety of development programs, including industrial, technology, agricultural, residential, pending government approvals.
- ?County Seller — Transparent Process: The Seller is a public entity (Caroline County, Maryland), providing transactional certainty regarding title, de
Executive Summary
Owned by the County Commissioners of Caroline County, the property consists of seven parcels annexed into the Town of Ridgely and positioned for future industrial, technology, logistics, agricultural, residential, and mixed-use development.
The property is currently marketed as a single offering consisting of seven parcels totaling approximately 92.02 acres. While purchasers may evaluate alternative development concepts, maintaining unified ownership preserves maximum flexibility for master-planned industrial, technology, residential, agricultural, aviation-related, or mixed-use development.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Industrial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 60.54 AC |
| Zoning | I2 - Zoned industrial. Rezoning for other purposes possible. | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 60.54 AC |
| Zoning | I2 - Zoned industrial. Rezoning for other purposes possible. |
1 Lot Available
Lot
| Lot Size | 60.54 AC |
| Lot Size | 60.54 AC |
Total ±92.02 Acres-±70 acres raw land, ±22 acres w/infrastructure improvements-unoccupied tech park. Comprised of 7 generally level contiguous parcels annexed into the Town of Ridgely.
Description
Originally conceived as a regional business and technology park, the property has benefited from significant public investment, including roadway construction, parking facilities, stormwater management infrastructure, water and sewer service extensions, broadband connectivity, electrical distribution, lighting, and site improvements. The project was funded in part through Maryland economic development programs administered by the Department of Business and Economic Development (now the Maryland Department of Commerce). The property includes approximately 22 acres of improved land and approximately 70 acres of additional development acreage, providing a unique opportunity for a purchaser to acquire one of the largest publicly owned development sites on Maryland’s Eastern Shore. Unlike many development properties that require extensive entitlement work and utility planning, Mid-Shore Technology Park already possesses substantial infrastructure and utility investment. A 2024 engineering evaluation concluded that the Town of Ridgely possesses sufficient water capacity to support the property’s planned full build-out allocation of approximately 45,000 gallons per day and that the site’s water, sewer, roadway, and utility infrastructure remain largely intact, although certain repairs and upgrades to portions of the wastewater system are recommended.
Property Taxes
| Parcel Number | 07-003714 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,974,367 |
Property Taxes
Contact the Sale Advisor
23865 Race Track Rd - Mid-Shore Regional Business Park
