MacRo, Ltd. is pleased to announce the Closing on a high profile retail pad site located on the southeast corner of the Monocacy Boulevard and Laurel Wood Way in Frederick City.
It is only minutes to the east of the Clemson’s Corner, where the new Wegmans and Lowes stores are located.
Legal Description: Lot 16, Section One, Plat Six, Riverside Center, City of Frederick, Maryland. Tax Map 405, Parcel 1168
Sale Price: $820,000
Zoning: General Commercial
Closing Date: March 22, 2011
Non-Floodplain Land of buildable area is approximately 69,000 square feet.
Maximum Building Square Feet allowed is 15,000 with no more than 3 different tenants.
The new owner of the site will establish a Dunkin’ Donuts franchise on the site, while leaving up to 5,000 to 10,000 square feet available for another one or two retail tenants. It is expected that the site plan approval process and development time will take approximately 18 months with delivery in late 2012.