430 Pine Ave
Frederick, MD 21701
Property For Lease

Nestled in the heart of Frederick, This property features prime industrial land in the heart of Frederick City. The property has 14k SF of noteworthy improvements already built onsite. The property’s value is further enhanced by the upcoming expansion of E 5th street, adding additional valuable road frontage and contributing to the overall accessibility and visibility of the location. The property will also be directly adjacent to a brand new $80+ million dollar housing development on 24 acres that will add charming urban style and value to the surrounding properties. Key Highlights: Property Details: Currently zoned light industrial, The buildings span approximately 14,000 SF across four industrial warehouse buildings. The expansive 2.67-acre property is fully fenced, ensuring security. Featuring 12 drive-in bays and 9 additional open bays, the property accommodates various industrial needs and owner user scenarios. A unique open second-story loft adds to the property's versatility, providing additional functional space. Prime Accessibility: 430 Pine Ave boasts a strategic location with excellent accessibility. The property is perfectly located to provide quick access to downtown Frederick and local housing/business. Conveniently located 1.6 miles from I-70, the property offers entrances on Pine Ave and East Church Street. This advantageous positioning not only facilitates ease of access for potential users and employees but also enhances the property's overall appeal as a strategic investment for the long-term. Infrastructure Development and Upcoming Additional Prime Road Frontage: The city of Frederick is planning to extend East 5th Street from Pine Avenue to East Church Street. This expansion aims to create a key traffic corridor, enhancing the city's grid network and providing an additional entryway into downtown. In collaboration with The Goldstar Group, the new expansion promises increased visibility and access, marking a positive shift for the evolving urban landscape and directly giving 430 Pine Ave more value and sought after road frontage. Residences at East Church Street: Bethesda-based commercial real estate firm, The Goldstar Group, has broken ground on a transformative project right across the street from 430 Pine Ave. The Residences at East Church Street is a multifamily community comprising 350 Class A apartment homes. Acquiring the 24-acre parcel at 400 East 7th St. from Frederick Health Hospital, The Goldstar Group secured over 80 Million to fund the construction. The project, managed by Morgan-Keller Construction, includes five four-story buildings with the first delivery slated for April 2024 and full completion by late 2024. This upscale community adds a significant residential component to the vibrant growth of Frederick. Surrounding Growth: Frederick City has emerged as a thriving hub, Specifically the East street corridor where 430 Pine ave is located, has been marked by consistent economic expansion, population growth, and a vibrant cultural scene. The city's diverse industries contribute to job creation, attracting both businesses and residents. With a commitment to preserving its historical charm and investing in modern amenities, Frederick offers a high quality of life. Ongoing infrastructure development. The presence of reputable educational institutions further contributes to a skilled and educated workforce, making Frederick a compelling destination for those seeking dynamic growth and community engagement. The Comprehensive Plan for Frederick County, MD - Includes the East Street Corridor Small Area Plan (Reference Livable Frederick for final plan) Please contact Chris Kline, Jr for more details about this property or to schedule a showing!