Outstanding Multi-Use Downtown Frederick Property

SOLD:  Great long term investment opportunity priced below appraised value.

Outstanding downtown Frederick property with a new roof offers over 7,500 SF of a combination of offices, warehouse, restaurant and 3 residential apartments.  All commercial sites are leased with 3+ years on each unit. Gross annual income estimated at approximately $90k.

Land Details

Location

  • 502—508 East Church Street, Frederick, MD

Legal/Taxes

  • Tax Map 0414, Parcel 1330A

Zoning

  • Frederick City Zoning - Downtown Business (DB)

Targeted Employment Area

  • Located in a TEA (Targeted Employment Area) and eligible for EB 5 Investment

Acreage

  • Approximately 0.89 acres

Building Details

Building Size

  • 7,914 SF (According to 2/25/15 Appraisal)
  • 11,631 SF (According to Maryland Department of Assessment & Taxation)

Parking

  • Ample Parking

Utilities

  • Public Water and Sewer

Uses

  • Offices, Business & Professional
  • Locksmith
  • Business Machines/Business Service Centers
  • Janitorial Services
  • Accessory Apartments
  • Duplex
  • Multi-Family
  • Multi-Family with Accessory Retail
  • Single-Family
  • Townhouse
  • Two-Family
  • Bed and Breakfast
  • Group Home
  • Hotel, Motel, and Tourist Court
  • Senior Living and Retirement Facilities
  • Nursing home/Domiciliary Care/Adult Living Facilities
  • Rooming House
  • Accessory Drive Through Facilities
  • Animal Grooming (Excluding Boarding)
  • Antiques
  • Apparel
  • Arts, Crafts or Hobby Supplies
  • Art Gallery, Including Framing
  • Automobile Parts and Accessories
  • Bakery, Baked Goods Store
  • Barber/Cosmetology
  • Bicycle (Non-Motorized) Sales and/or Repair
  • Books, Magazines, Newspapers, etc.
  • Camera Sales & Photo Processing (including Development & Printing Services)
  • Cards, Stationary
  • Caterer
  • Commercial Use in Historic Structures
  • Convenience Stores, with/without Gas Sales
  • Dance, Music Instruction
  • Delicatessen
  • Department Stores
  • Discount Stores
  • Drugs, Cosmetics
  • Dry Cleaning
  • Electrical Systems Service
  • Eyeglasses, Hearing Aids
  • Fabrics, Sewing Supplies & Machines
  • Farmers Markets
  • Financial Services (Bank, Savings and Loan, Credit Union Office)
  • Floor Covering
  • Flowers (Florist Shop)
  • Furniture and/or Appliances
  • Garden Center (including Sales of Trees, Shrubs, Garden Supplies)
  • Grocery Stores
  • Handcraft Items (such as Pottery, Stained Glass, Woodwork)
  • Hardware, Inside Storage
  • Ice Cream Parlor
  • Interior Decorator
  • Jewelry
  • Laundromat
  • Lighting, Electrical Supplies
  • Liquor, Beer, Wine
  • Luggage, Leather Goods
  • Meats, Butcher Shop
  • Medical Supplies
  • Music & Records, Sales and Repair
  • Musical Instruments
  • Novelties, Souvenirs, Gifts
  • Office Furniture
  • Office Supplies
  • Offices, Regional (Bank, Savings and Loan, Credit Union, Insurance)
  • Paint, Wallpaper
  • Personal Services (e.g., Nail Salons, Barbers, Shoe Repair, etc.)
  • Pet Store or Pet Supply Store
  • Photographic Studio
  • Picture Framing
  • Professional Service not Otherwise Listed
  • Radio, TV Sales and Repair
  • Restaurant, General/Fast Food
  • Restaurant with Entertainment
  • Retail Sales not Otherwise Listed
  • Shoes
  • Shopping Center
  • Sporting Goods
  • Stone Monuments (excludes Engraving)
  • Tailoring
  • Tobacco Products
  • Toys
  • Upholstery, Curtain, Drapery Service
  • Used Merchandise Auction
  • Veterinary Clinic/Hospital without Boarding
  • Video/DVD (Sales or Rental)
  • Medical Laboratory
  • Newspaper Printing
  • Laboratories & Testing Offices in Conjunction with Scientific or Industrial Research & Development
  • Arcade (Pinball, Video)
  • Bowling
  • Conference Center
  • Fine Arts Studio
  • Health Club or Spa
  • Park
  • Pool, Billiards
  • Private Club
  • Reception Facility
  • Swimming Pools (Residential Development / HOA Specific-Accessory)
  • Swimming Pools (Non-Accessory)
  • Tennis, Racquet Sports
  • Theater, Movie / Stage
  • Adult Day Care Center
  • Child Day Care Center
  • Cultural Centers (Museum, Library, etc.)
  • Funeral Home with/without Crematorium
  • Vo-Tech, Trade Schools & Training Centers
  • Parking Lot, Parking Garage, Public or Private
  • Communication Antenna on Existing City-Owned Water Towers, High Voltage Electric Transmission Towers, and Existing Athletic Lighting Structures, over 60 FT in Height, on Public Land
  • Communication Towers and Antennas
  • Telecommunication Antennas Enclosed within an Existing Structure or Building Subject to Section 27-779
  • Agricultural Production
  • Greenhouse, Commercial
  • And More…

Ready to get started? Contact Us

Related Listings