Investment Overview
This is a 29-acre, fully usable industrial land position just off I-295 with ~640 feet of rail and demonstrated capacity for a ±350k SF warehouse. With wetlands already mitigated and a supported path to Heavy Industrial zoning, the site offers a fast-track to vertical development in a supply-constrained infill submarket. The location between I-295 Exits 25 and 28/US-23 anchors regional connectivity for both inbound materials and outbound distribution, positioning the asset for BTS, lease-up, or forward-sale strategies depending on capital objectives.
Investment Highlights
- Asking price: $5,521,400.00 ($190,000/acre).
- Industrial development potential: Concept plan shows capacity for ±350,000 SF warehouse with on-site retention.
- Rare usability: Entire acreage is usable (mitigated wetlands)—minimizes sitework risk and maximizes yield.
- Traffic counts (approx.): I-295 ~82,000 VPD; Pritchard Rd ~35,500 VPD; Old Kings Rd ~5,400 VPD.
- Zoning (current / path): Currently Residential; Buyer/Seller to rezone to Heavy Industrial (identified as highest & best use; commissioner supportive).
- Frontage/Adjacencies: ~640 ft of rail frontage
- Size: ±29.06 acres; all acreage is high, dry, and usable (wetlands mitigated).
- Distribution location: Immediate I-295 access, between two interchanges, with rail frontage—ideal for infill logistics/industrial.