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Allegany Business Park Midlothian Rd 56,050 SF 29% Leased Office Building Frostburg, MD 21532 For Sale
INVESTMENT HIGHLIGHTS
- property has great access to Interstate 68
- expandable by 40,000 square feet
- on the Frostburg State University Campus
- Geo-Thermal HVAC System
EXECUTIVE SUMMARY
The property consists of a 55,062 square foot two story office and flex building, on 12.5 acres in Frostburg MD. The property is located on the Frostburg State University Campus. The property is 33% leased with three tenants. The building can be expanded by an additional 40,000 square feet utilizing the existing infrastructure. The building is served with a Geo-Thermal HVAC System that provides extremely efficient heating and cooling to the property. The property is served by a 500KW emergency generator. The property is serviced by multiple fiber optic lines. The property has 382 parking spaces. It is located .03 miles from Interstate Route 68. The zoning is Technology/Light Industrial in the City of Frostburg. The building is a great opportunity for an owner/user to purchase a building under replacement costs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
56,050 SF
Building Class
B
Year Built
2007
Percent Leased
29%
Building Height
1 Story
Typical Floor Size
56,050 SF
Lot Size
270.46 AC
Opportunity Zone
Yes
Zoning
RO
Parking
500 Spaces (10 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 28-006519 | Improvements Assessment | $336,945,800 |
| Land Assessment | $8,564,500 | Total Assessment | $345,510,300 |
PROPERTY TAXES
Parcel Number
28-006519
Land Assessment
$8,564,500
Improvements Assessment
$336,945,800
Total Assessment
$345,510,300
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Allegany Business Park | Midlothian Rd
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