The orange-roofed warehouse on Troy Hill may soon have a new owner.
Since March 2011, the property that used to house has been vacant. Its previous owners, citing the down economy, declared their last winter.
Its iconic façade with the orange roof has read “For Sale” for the past year. And while the sign remains for now, it may not be that way for long.
The agent handling the property told Elkridge Patch on March 12 that he had good news.
“It is under contract,” said commercial realtor Rob Freedman.
“I can’t say who the purchaser is,” Freedman said. "It wouldn't be appropriate," as the transaction hasn’t gone to closing—but, he added, “so far, so good."
Freedman anticipates former Harley-Davidson property could go to settlement later this spring. The 30,000-square-foot industrial-zoned space is currently listed for $4.5 million.
Howard County had previously been interested in the 4.25-acre spot for its new firehouse, and pointed to the convenient access to Route 1. But president Julie Casey said that a study indicated the configuration wouldn’t have worked.
Others have said the warehouse space may become part of a burgeoning restaurant or hotel district, in the event that —a proposed tennis stadium and amphitheater—is built behind the Troy Hill business park. The fate of the Troy Park tennis project will be learned later this spring, after officials with the Maryland Stadium Authority release the results of a on its economic feasability.