Morgantown
334 Acre Retired Power Generating Facility | Waterfront Intermodal, Heavy Industrial Development Opp
Marketing description
Cushman & Wakefield, as exclusive advisor, is pleased to offer the fee simple interest in a 334-acre heavy industrial, intermodal redevelopment opportunity in southern Maryland. The Morgantown Generating Station (the “Property“) sits along the eastern edge of the Potomac River, just south of the new Route 301 bridge (Henry Nice Bridge). The site is ideal for heavy industrial or alternative energy users who can benefit from the existing CSX rail line, waterfront port access, and adjacent Potomac Electric Power Company (“PEPCO“) switchyard.
The site formerly served as a coal-fired power generating facility that ceased operations in June 2022. The Property is being sold as-is where-is.
Investment highlights
The Property is approx. 38 miles south of Washington D.C., one of the largest metro areas on the Eastern Seaboard.
The Washington-Arlington-Alexandria, DCVA- MD-WV MSA was ranked the 5th largest MSA in terms of GDP as of 2017.
The site is served by an existing CSX rail line that runs through Brandywine and the Greater Washington D.C. Metro area, before connecting with northern Maryland and Virginia.
Located along the Potomac River, which runs north to Washington, D.C. and opens south into the Chesapeake Bay and Atlantic Ocean. Dock access is provided by an existing fuel and coal/bulk material terminal.
The site is situated along the southern edge of Highway-301 (Crain Highway).
The site is currently improved with existing heavy industrial infrastructure that was utilized to operate a coal-fired power generating facility.
The site is zoned IH (“Heavy Industrial”), which permits uses such as: light/heavy manufacturing and production, freight movement, distribution, and storage facility, among others.
Connectivity with an adjacent PEPCO switchyard with potential PJM Interconnection for battery storage and solar.
Alternative and renewable energy uses possible.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
