Chaney Enterprises Sells 12.5 Acres Industrial Site In Owings MD For $3 Million

The property asset involved in the transaction is a former cement plant located at 150 East Chesapeake Beach Road, Owings, MD. The site encompasses 36.79 acres, with approximately 12.5 usable acres designated for light industrial use. It includes multiple existing industrial buildings and was sold for a transaction amount of $3,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,000,000
• Address: 150 East Chesapeake Beach Road
• Market: Owings, MD
• Acres: 12.5
• Previous Owner: Chaney Enterprises
• Brokers: Eddie Trujillo & Leila Sydykova - Hyatt Commercial

Hyatt Commercial facilitated the sale and represented the seller, Chaney Enterprises, in the transaction. The property is zoned I-1 Light Industrial, allowing for a variety of light industrial applications, which provides flexibility for future development.