1007 Caroline Drive
Federalsburg, MD, 21632 $ 11,570,000
Bedrooms-- Baths-- Sq 178,000 Monthly Estimate*
$ 71,238
for $11,570,000. This 178,000 square foot building was built in 1984 on a lot size of 15.4.
This 178,000-square-foot industrial facility sits on 15.40 acres within an Opportunity Zone. The building features clear heights of 31 feet at the center and 24 feet at the eaves, along with 16 dock doors (including three pit docks), two drive-in doors, and a fully sprinklered dry-pipe fire protection system. The property currently generates $70,772 annual income. Approximately 30,000 square feet is leased, leaving 148,000 square feet available for an owner-occupant or additional tenant. Additional revenue is derived from leases on a portion of the parking lot and adjacent grassy areas, while still preserving ample acreage for future parking expansion or site improvements. Located within the Caroline Industrial Park, just one-half mile from downtown Federalsburg and minutes from Maryland Routes 318 and 404, the property benefits from excellent regional accessibility. The industrial park is fully served by electricity, natural gas, public water and sewer, broadband internet, paved roads, and dedicated fire and police protection, making it an ideal location for manufacturing, warehousing, distribution, and logistics operations. The property's strategic Mid-Atlantic location provides convenient access to several major ports, including Baltimore (80 miles), Philadelphia (124 miles), Norfolk (170 miles), and New York (207 miles). The surrounding region also offers a skilled workforce, competitive operating costs, and a business-friendly environment that supports continued growth and investment.
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FeaturesInteriorHeating Fuel None
Flooring Concrete
Hot Water Electric
Central Air Y/N N
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GeneralSewer Public Sewer
Heating None
Cooling Ceiling Fan(s)
Possession Settlement
Roof Metal
Zoning ID2
Construction Materials Metal Siding
Year Built 1984
Property Subtype Industrial
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality Federalsburg
Business Type Manufacturing Warehouse
Accessibility Level Entry - Main
County CAROLINE
Net Operating Income 70772.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Situated on Caroline Drive Federalsburg in the Caroline Industrial Park which is located 1/2 mile from downtown Federalsburg. This park is equipped with electricity natural gas water and sewer broad
City FEDERALSBURG
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 670824.00
Tax Annual Amount 72715.0
Property Condition Good
Price Per Sq Ft Total AG 65.0
Vacation Rental Y/N N
Location Type Industrial Park
Standard Status Active
Year Built Source Assessor
Total Actual Rent 203600.00
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ExteriorWater Source Public
Type of Parking Parking Lot
Foundation Details Slab
Water View Y/N N
Building Area Total 178000.00
Lot Size Acres 15.40
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 602800.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySvn/Miller Commercial Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $71,238
- Monthly Property Taxes
- $6,060
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Federalsburg, MD
Average List Price $3,176,357
Percent of Sale Price 73%
About Federalsburg, MD 2,790 Population
5% Since 2002
$ 35,708 Median Income
36.7 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/13/2026 | $11,570,000 | | Listed Price |