4840 Crain HwyWhite Plains, MD 20695

Property Details for 4840 Crain Hwy

Year built

1984

Construction

STEEL FRAME

Lot size

26.56 AC

Property size (Sq ft)

1,500 SF

Zone code

IG

Property type

Retail properties

Property subtype

Retail space

APN

06-134734

APU

6134734

Description

This exceptional industrial property, located at 4840 Crain Highway in White Plains, Maryland, presents a significant investment opportunity. The 11,500 square foot warehouse boasts a 26-foot ceiling height, providing ample storage space. The building features two convenient drive-in doors for easy loading and unloading. In addition to the warehouse space, there is approximately 2,000 square feet of office space, ideal for administrative functions. The property sits on a substantial 26.56-acre lot, offering significant outdoor storage potential. The expansive lot is already cleared and graded, providing immediate usability for various storage or operational needs. A paved parking lot ensures convenient vehicle access and parking. The property is zoned I-G, allowing for a variety of industrial uses. Its strategic location just south of Waldorf on Route 301, Southern Maryland's main thoroughfare, provides excellent accessibility and visibility. The asking price for this substantial industrial property is $8,000,000. This is a rare opportunity to acquire a large, well-located industrial property with significant expansion potential. The combination of warehouse space, office space, and extensive outdoor storage makes this an ideal property for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $569,839

  6.5%

  $526,005

  7%

  $488,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $631,298

  Geo Method

  $631,298

• Alternative Use

  Use

  Valuation

  Residential

  $443,705

  Hospitality

  $406,431

  Educational

  $338,146

  Medical

  $349,775

  Retail

  $526,005

Location Insight

City

White Plains

County

Charles

State

Maryland

Latitude

38.5768

Longitude

-76.9575

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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