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241 E 4th St
Frederick, MD 21701
The Glass Factory · Office Property For Sale
·
50,414 SF
EXECUTIVE SUMMARY
The over 13,000 square foot, office condo is currently 100% occupied by Goodwin & Associates who has been here since beginning of Year 2004, occupying the entire ground floor and basement level. The current lease term is till December 31, 2026 with a 3-years of option.
PROPERTY FACTS
| Total Building Size | 50,414 SF | Typical Floor Size | 9,722 SF |
| Property Type | Office (Condo) | Year Built | 1910 |
| Property Subtype | Loft/Creative Space | Lot Size | 1.67 AC |
| Building Class | B | Parking Ratio | 36.24/1,000 SF |
| Floors | 3 | ||
| Zoning | DB - Downtown Business - allows both Commercial and residential customers. | ||
| Total Building Size | 50,414 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 9,722 SF |
| Year Built | 1910 |
| Lot Size | 1.67 AC |
| Parking Ratio | 36.24/1,000 SF |
| Zoning | DB - Downtown Business - allows both Commercial and residential customers. |
AMENITIES
- 24 Hour Access
- Hardwood Floors
- Air Conditioning
1 UNIT AVAILABLE
Unit 100
| Unit Size | 13,884 SF | Cap Rate | 7.46% |
| Condo Use | Office | NOI | $197,690 |
| Sale Type | Investment |
| Unit Size | 13,884 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| NOI | $197,690 |
DESCRIPTION
The property at 241 E. 4th St. is dominated by a long, linear brick building commonly referred to as the Glass Factory. Today, the former factory is in the Frederick National Register Historic District and the locally designated Frederick Town Historic District.
SALE NOTES
Credit tenant has been here for 20+ years
Great opportunity for office investment at Frederick, MD
Ideal for Owner user/ Investor
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