500 W Patrick St - Freestanding FOR SALE


Frederick, MD 21701- Catoctin Park
$2,500,000 USD
202-775-4663
500 W Patrick St, Frederick, MD for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

500 W Patrick St
Frederick, MD 21701
Catoctin Park


HIGHLIGHTS

  • Amazing Redevelopment Rights
  • 100% Occupancy
  • Lot: 41,574 SF - .95 Acres

OVERVIEW

ONE Street Commercial Properties is delighted to present an exceptional investment opportunity in the heart of downtown Frederick, Maryland. This prime retail property spans 12,761 square feet across three buildings and boasts 100% occupancy, ensuring immediate and stable income potential. Built in 1961 and zoned DB (Downtown Business), this property offers unparalleled flexibility for retail use and redevelopment. Key redevelopment potential byright includes the ability to create approximately 70 residential units above 12,000 square feet of retail or commercial space, making this an ideal investment for those looking to capitalize on the growth and vibrancy of Frederick’s dynamic downtown. Don’t miss the chance to secure a high-potential asset in one of Maryland’s most sought-after commercial locations. This property combines a stable income stream with exciting redevelopment possibilities, making it a must-see opportunity for retail and redevelopment investors alike. The property enjoys a prime location mere minutes from the heart of downtown Frederick, MD, ensuring easy access to the city's vibrant cultural, dining, and shopping attractions. Additionally, the area is in close proximity to esteemed schools, providing convenience for families and educational institutions. Moreover, the property benefits from swift connectivity to major highways and interstates, facilitating seamless transportation and access to neighboring cities and metropolitan areas. This strategic positioning enhances the property's appeal and accessibility, making it an ideal choice for businesses seeking a desirable location with excellent connectivity to key amenities and transportation routes. - Size: 12,761 square feet across three buildings - Lot: 41,574 SF - Spaces: 4 retail/commercial spaces - Zoning: DB, allowing versatile development options - Occupancy: 100% leased

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,500 SF

ZONING

DB

APN/PARCEL ID

02-112817,02-135132

ASK ABOUT THIS PROPERTY

Kevin BrandesSamson Commercial Properties, Broker | ONE StreetMore Info
202-775-4663

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Kevin BrandesSamson Commercial Properties, Broker | ONE StreetMore Info
202-775-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.