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Backtown Road 29321 Backtown Rd

3,562 SF 41% Leased Industrial Building Trappe, MD 21673 $2,499,000 ($702/SF) 8.16% Cap Rate

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Executive Summary

Great investment opportunity. One of only two light industrial zoned parcels in the Town of Trappe. 3.3 +/- acres conveniently located 1000 ft off of US RT 50 and less than half a mile from the sprawling Lakeside development. This property includes four multi use buildings totaling nearly 20,000 sq ft and consisting of 14 rental units that are currently leased. Option to build another 3600 sq ft unit is available. Located in town limits with private septic and well service. Commercial properties of this magnitude are rare in the county and don't come available very often.

TRAPPE ZONING MAP

Property Facts Under Contract

Price	$2,499,000	Lot Size	3.34 AC
Price Per SF	$702	Rentable Building Area	3,562 SF
Sale Type	Investment	No. Stories	1
Cap Rate	8.16%	Year Built/Renovated	1995/2023
Property Type	Industrial	Parking Ratio	1.68/1,000 SF
Property Subtype	Warehouse Industrial Service	Clear Ceiling Height	14 FT
Building Class	C	No. Drive In / Grade-Level Doors	2

Price	$2,499,000
Price Per SF	$702
Sale Type	Investment
Cap Rate	8.16%
Property Type	Industrial
Property Subtype	Warehouse Industrial Service
Building Class	C
Lot Size	3.34 AC
Rentable Building Area	3,562 SF
No. Stories	1
Year Built/Renovated	1995/2023
Parking Ratio	1.68/1,000 SF
Clear Ceiling Height	14 FT
No. Drive In / Grade-Level Doors	2

Water - Well
Sewer - Septic Field
Heating - Electric

Space Availability

1st Floor
2,100 SF
Industrial
-
Now

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29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 1 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 2 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 3 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 4 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 5 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 6 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 7 of 8 — Building Photo

29321 Backtown Rd, Trappe, MD for sale Building Photo- Image 8 of 8 — Building Photo

2100 +/- sq ft warehouse/office space available for lease. Conveniently located just off U.S. route 50 in the Trappe Industrial Park in Trappe, MD. Unit includes one 14x14 power roll up door, one 12x12 power rollup door, 115+/- sq ft office space with loft storage, and spray foam insulation.

Space	Size	Space Use	Condition	Available
1st Floor	2,100 SF	Industrial	-	Now

Size

2,100 SF

Space Use

Industrial

Condition

Available

Now

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PROPERTY TAXES

Parcel Number	03-153274	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$593,333

PROPERTY TAXES

Parcel Number

03-153274

Land Assessment

Improvements Assessment

Total Assessment

$593,333

zoning

Zoning Code	Light Industrial (LIGHT INDUSTRIAL)
Light Industrial (LIGHT INDUSTRIAL)

Listing ID: 32063692
Date on Market: 6/7/2024
Last Updated:
Address: 29321 Backtown Rd, Trappe, MD 21673

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