$3,000,000

4240 Jefferson Pike, Jefferson, MD, 21755

2,000

Square feet

55.00

Acres

This farm has two uses: It has a cell tower with four carriers with a leasing income of $152,000/year. It also is an equestrian farm with a total of 55 acres. The bank barn has a climate-controlled environment for a hot/cold wash stall. tack room, 10 tack lockers, grooming area, clubroom, bathroom, and washer/dryer hook-up. Two additions feature (24) 12x12 stalls with rubber mats. Water and electric are accessible. There's a training barn with an office/tack room, feed/storage room, central matted tack area, (11) 12x12 stalls and (1) 12X14.5 stall with rubber mats and (6) with stall lights. Water and electric are accessible. There's an attached indoor arena (60x200). The pole barn (24x64) is on concrete. The equestrian area was leased out for $3600 per month but not in operation at the moment. On the southern eastern end of the property there's very old stone house which is not habitable. On the north end of the property there is a perc site for a future home. The driveway has a shared maintenance agreement with two other property owners, The valuation of the property was considered on the basis of about $600,000 on the equestrian farm (7.1 % cap rate) and $2.4 million on the cell tower leases (7.1 % cap

Facts & Features

MLS® # MDFR2028792
Price $3,000,000
Bathrooms 0.00
Square Footage 2,000
Acres 55.00
Year Built 1860
Type Commercial Sale
Sub-Type Special Purpose
Status Active Under Contract

Community Information

Address 4240 Jefferson Pike
City Jefferson
County FREDERICK-MD
State MD
Zip Code 21755

Amenities

View Scenic Vista
Is Waterfront No

Interior

Heating Space Heater
Cooling None
Has Basement No
Fireplace No

Exterior

Exterior Block
Lot Description Open, Sloping

School Information

District FREDERICK COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed November 29th, 2022
Days on Market 1
Zoning AGRICULTURE
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLong & Foster Real Estate, Inc.

Listing Map

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