Jefferson, MD 21755,4240 JEFFERSON PIKE
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Jefferson, MD 21755,4240 JEFFERSON PIKE
Jefferson, MD 21755,4240 JEFFERSON PIKE
Jefferson, MD 21755,4240 JEFFERSON PIKE
Jefferson, MD 21755,4240 JEFFERSON PIKE

$3,000,000

Est. payment /mo

$3,000,000

Est.Price: ?

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4240 JEFFERSON PIKE Jefferson, MD 21755

2,000 SqFt

SOLD DATE : 02/16/2023

Key Details

Sold Price $3,000,000

Property Type Commercial

Sub Type Special Purpose

Listing Status Sold

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $1,500

MLS Listing ID MDFR2028792

Sold Date 02/16/23

Originating Board BRIGHT

Year Built 1860

Annual Tax Amount $19,121

Tax Year 2022

Lot Size 55.000 Acres

Acres 55.0

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

Location

State MD

County Frederick

Zoning AGRICULTURE

Interior

Hot Water 60+ Gallon Tank

Heating Space Heater

Cooling None

Heat Source Electric

Exterior

Garage Spaces 16.0

Waterfront N

Water Access N

View Scenic Vista

Accessibility None

Total Parking Spaces 16

Garage N

Building

Lot Description Open, Sloping

Sewer Perc Approved Septic

Water Well

New Construction N

Schools

School District Frederick County Public Schools

Others

Tax ID 1123442396

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Edwin G Stanfield • Long & Foster Real Estate, Inc.
Bought with Edwin G Stanfield • Long & Foster Real Estate, Inc.

Brandi Dillon

Broker Associate | License ID: 668901

+1(240) 361-7745

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