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Commission hears proposal to sell 6.6-acre Industrial Park East lot; staff reports wetlands limit usable acreage
Summary
County staff briefed commissioners on a proposed sale of 6.6 acres at Montgomery County Industrial Park East to Louder Development. An appraisal set fair market value at $75,000; wetlands and building-line restrictions leave about 0.7 acres usable.
County staff presented a prospective sale of a 6.6-acre parcel at the Montgomery County Industrial Park East, reporting an independent appraisal (paid for by the prospective buyer, Louder Development) that assessed fair market value at $75,000.
Staff explained the parcel sits at the park entrance along Industrial Park Boulevard and borders Stony Brook. Of the 6.6 acres, about 3.8 acres are wetlands, 1.8 acres are within a building-line restriction and 0.3 acres are a drainage easement,…
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