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Jefferson Station Blvd
Frederick, MD 21703
Land For Sale
·
3.52 AC
INVESTMENT HIGHLIGHTS
- Positioned within a high-growth mixed-use community along US 340/15 with direct interchange access
- Surrounded by 1,000+ new homes and major employment centers including a 500,000 SF life science campus
- Significant retailer interest and limited existing competition in the trade area
- Conceptual plan for 34,268 SF of inline retail across two flexible parcels
- Strong demographics with projected population growth and household incomes exceeding $100,000
EXECUTIVE SUMMARY
CPG Realty, LLC, “CPG” as exclusive representative to the Seller, is pleased to present for sale Lots A & D of the Jefferson Technology Park (JTP), the (“Property”). The Property consists of two, retail outparcels in a master planned community, conceptually planned for 34,268 sf of inline, neighborhood retail. The residential component, which is 825 total units and featuring the 228 unit Jefferson Place Apartments, is complete, and construction is underway on the adjacent 235 unit, Harrington Terrace. Ryan Homes is offering townhomes starting at $550,000 and has been selling quickly. JTP also features a 500,000 sf life science campus planned to start
construction in 2024.
There is significant leasing interest from groups such as Dunkin Donuts, who want to serve this newly built community, with quick and easy access direct from US 340 / 15. Rents for new construction retail strip centers in Frederick County have grown to the low $40’s psf, and its been reported that rents for end caps with the ability for drive thru have reached $60 psf. Between the life science park, and the adjacent Jefferson Distribution Park, there are 1,000+ jobs planned within walking distance, in addition to the 1,000 new homes/apartments.
Frederick has experienced positive population growth of over 5% for consecutive years, and is home to major employers such as Fort Detrick, AstraZeneca, Lonza, Kite Pharma, MedImmune, and the National Cancer Institute.
construction in 2024.
There is significant leasing interest from groups such as Dunkin Donuts, who want to serve this newly built community, with quick and easy access direct from US 340 / 15. Rents for new construction retail strip centers in Frederick County have grown to the low $40’s psf, and its been reported that rents for end caps with the ability for drive thru have reached $60 psf. Between the life science park, and the adjacent Jefferson Distribution Park, there are 1,000+ jobs planned within walking distance, in addition to the 1,000 new homes/apartments.
Frederick has experienced positive population growth of over 5% for consecutive years, and is home to major employers such as Fort Detrick, AstraZeneca, Lonza, Kite Pharma, MedImmune, and the National Cancer Institute.
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot A & D
| Price | $4,819,115 CAD | Lot Size | 3.52 AC |
| Price Per AC | $1,369,066.71 CAD |
| Price | $4,819,115 CAD |
| Price Per AC | $1,369,066.71 CAD |
| Lot Size | 3.52 AC |
Retail Outparcels A & D are now available for sale, totaling 3.52 acres, and planned for 34,268 SF of inline retail.
DESCRIPTION
Two retail outparcels in Jefferson Tech Park, Frederick, MD. Total Size: 3.52 acres (Lot A: 2.17 acres, Lot D: 1.35 acres)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,569,147 CAD | Total Assessment | $2,569,147 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,569,147 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,569,147 CAD
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