12620 Crain HwyNewburg, MD 20664

  • Industrial properties
  • 150,618 SF

Property Details for 12620 Crain Hwy

Year built
1970
Lot size
330.99 AC
Property size (Sq ft)
150,618 SF
Zone code
IH
Property type
Industrial properties
APN
05-017556
APU
5017556

Description

This exceptional 334-acre industrial property in Newburg, Maryland, presents a unique redevelopment opportunity. Located in Charles County, at 12620 Crain Hwy, zip code 20664, this site boasts significant advantages for heavy industrial or alternative energy projects. The property is conveniently situated approximately 38 miles south of Washington, D.C., within the 5th largest US Metropolitan Statistical Area by GDP (2017 data). Its strategic location along the Potomac River provides waterfront access via an existing bulk material terminal, offering significant intermodal capabilities. The site benefits from direct access to Highway 301 (Crain Highway) and an existing CSX rail line connecting to northern Maryland and Virginia, enhancing logistical efficiency. The property is zoned IH (Heavy Industrial), permitting various uses including light and heavy manufacturing, distribution, storage, and more. Existing heavy industrial infrastructure from a former coal-fired power generating facility (operations ceased June 2022) remains on-site. Furthermore, the property's proximity to a PEPCO switchyard offers potential for PJM Interconnection, making it suitable for battery storage and solar projects. Alternative and renewable energy uses are feasible. The property is being sold as-is, where-is. The APN is 0905017556.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $44,553,284
    Hospitality
    $40,810,568
    Educational
    $33,953,912
    Medical
    $35,121,640
    Retail
    $52,817,200

Location Insight

City
Newburg
County
Charles
State
Maryland
Latitude
38.3607
Longitude
-76.9714
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,129,675
$22,616,400
$63,132,700
$85,749,100
-
$22,616,400
$63,132,700
$85,749,100

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