Admar Construction Bldg | 5705 Industry Ln
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Admar Construction Bldg 5705 Industry Ln
23,000 SF Vacant Office Building Frederick, MD 21704 £2,267,232 (£99/SF)
Investment Highlights
- Ideal building for Owner Occupant / Corporate Headquarters.
- This property is highly visible & centrally located
Executive Summary
With a mix of private offices and open workspaces, this large building features copious amounts of natural light from windows that run the entire perimeter of the building. A grand, sizable lobby greets guests with a central corridor and stairwell to the second floor. A centrally located elevator offers accessibility to the second floor, with direct access from multiple points all around the building.
The building is constructed with a tasteful mix of brick for the front street facing portion, and architectural block for the rear. New roof installed in 2023. Ample surface parking on all sides.
The portion of the building is currently occupied by a national credit government contractor.
While currently built out as office space, the rear vacant portion of the building could be converted to its original intended warehouse use. When combined with the front of the building, could create an ideal office with attached warehouse.
Terrific signage opportunity on Industry Lane. The location offers the benefits of being in immediate proximity to Interstates 70 and 270 making it a must see option. Proximity to a variety of amenities along the Route 85 corridor, namely next-door to Evergreen Shopping Center, make this a desirable location for getting your work done and heading in any direction to destinations pertinent to your business day.
With LI zoning, there are many possibilities.
The building is constructed with a tasteful mix of brick for the front street facing portion, and architectural block for the rear. New roof installed in 2023. Ample surface parking on all sides.
The portion of the building is currently occupied by a national credit government contractor.
While currently built out as office space, the rear vacant portion of the building could be converted to its original intended warehouse use. When combined with the front of the building, could create an ideal office with attached warehouse.
Terrific signage opportunity on Industry Lane. The location offers the benefits of being in immediate proximity to Interstates 70 and 270 making it a must see option. Proximity to a variety of amenities along the Route 85 corridor, namely next-door to Evergreen Shopping Center, make this a desirable location for getting your work done and heading in any direction to destinations pertinent to your business day.
With LI zoning, there are many possibilities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,000 SF
Building Class
B
Year Built
1989
Price
£2,267,232
Price Per SF
£99
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
11,500 SF
Building FAR
0.48
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
L-I - Limited Industrial: Provide adequate area for development of industrial uses whose operations have a relatively minor nuisance value.
Parking
80 Spaces (3.48 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 28-538685 | Improvements Assessment | £2,509,265 |
| Land Assessment | £245,025 | Total Assessment | £2,754,290 |
PROPERTY TAXES
Parcel Number
28-538685
Land Assessment
£245,025
Improvements Assessment
£2,509,265
Total Assessment
£2,754,290
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Admar Construction Bldg | 5705 Industry Ln
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