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4240 Jefferson Pike

JEFFERSON, MD 21755
  • $3,000,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • ID#: MDFR2028792
Under Contract
UPDATED: 77 min ago
$3,000,000
  • 0
    BEDS
  • 55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1860
County:

School Ratings & Info

Description

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

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-30T08:50:06.113.
www.execuhome.com/homes/135101113
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4240 Jefferson Pike JEFFERSON, MD 21755

  • Price: $3,000,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 77 min ago
  • ID#: MDFR2028792
0
Beds
0
Baths
0
½ Baths
55
Acres
1860
Built
County:
Frederick
School District:
Frederick County Public Schools
Property Description
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
Exterior Features

Construction Materials Block Garage YN No Lot Features OpenSloping Parking Types Other Riparian Rights YN No View Scenic Vista Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2000.00 Cooling None Heating Space Heater Heating YN Yes Net Square Feet 2000.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Equestrian Center Central Air YN No Cooling Fuel None Electric 110 VoltsCircuit Breakers Gross Income 152000.00 Heating Fuel Electric Historic YN No Hot Water 60+ Gallon Tank Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 802035560280 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Special Purpose Sale Type Standard Sewer Perc Approved Septic Tax Annual Amount 19121.00 Tax Assessment Amount 1631467.00 Total Actual Rent 152000.00 Vacation Rental YN No Water Source Well Zoning Agriculture

Listing courtesy of Long & Foster Real Estate, Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-30T08:50:06.113.
 
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