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Monocacy Blvd - Parcel C 4.83 Acres of Commercial Land Offered at $2,800,000 in Frederick, MD 21701

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INVESTMENT HIGHLIGHTS

  • Prime 4.834-acre site in East Frederick’s growth corridor
  • Adjacent to Frederick Municipal Airport and major life science projects
  • Minutes from Historic Downtown Frederick and regional retail hubs
  • Located in a Qualified Opportunity Zone with tax benefits
  • Zoned PB with flexible permitted uses and Business Park designation

EXECUTIVE SUMMARY

Parcel ‘C’ on Monocacy Boulevard in the City of Frederick, is a 4.8 Acre± land parcel prime for development for a new Life Science, Office, Manufacturing, Lab or Testing facility offered for sale or joint venture exclusively by CPG Realty, LLC.

PROPERTY FACTS

Price $2,800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Medical
Total Lot Size 4.83 AC
Opportunity Zone Yes
Zoning PB

1 LOT AVAILABLE

Lot

Price $2,800,000
Price Per AC $579,710.14
Lot Size 4.83 AC

Parcel ‘C’ on Monocacy Boulevard in the City of Frederick, is a 4.8 Acre± land parcel prime for development for a new Life Science, Office, Manufacturing, Lab or Testing facility offered for sale or joint venture exclusively by CPG Realty, LLC.

DESCRIPTION

CPG Realty, LLC (“CPG”), as exclusive representative to the Seller, is pleased to present Parcel ‘C’ on Monocacy Boulevard, in the quickly changing East Frederick corridor for sale or joint venture. Parcel ‘C’ is a 4.834 Acre± land parcel and within a Qualified Opportunity Zone and is currently zoned Professional Business (“PB”), hereinafter referred to as the Property (the “Property”). The Property has frontage on Monocacy Boulevard, and is directly across from Renn Quarter, a 1,000+ unit Mixed Unit Development currently under development. The Property also adjoins Oxford Development’s planned 300,000 SF Life Science project to the north. The Frederick Municipal Airport is to the East, and the Property is minutes from Historic Downtown Frederick providing a wide variety of services including 60+ restaurants. The existing zoning of PB permits several by right and conditional uses including Life Sciences Labs, Testing & Manufacturing, Office Business & Professional, Medical Cannabis Dispensary, Medical Laboratory, and Multifamily Residential (Conditional). Additionally, the City adopted a new Comprehensive Plan in 2020 which reflects a designation of Business Park which includes additional flexibility. The Property is a rare opportunity to purchase 4.834 Acres± in the City of Frederick, within a Qualified Opportunity Zone, in a quickly changing, business friendly environment.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-241838
Land Assessment
$257,600
Improvements Assessment
$0
Total Assessment
$257,600
  • Listing ID: 26639591

  • Date on Market: 9/15/2022

  • Last Updated:

  • Address: Monocacy Blvd, Frederick, MD 21701

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