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509 S Market St 2,378 SF 100% Leased Retail Building Frederick, MD 21701 $725,000 ($304.88/SF)
Investment Highlights
- 2,378 Square Feet on Two Levels
- Core Downtown Frederick Asset
- Historic Charm - Constructed in 1881
- Fully-Leased
- Private Parking Included
Executive Summary
509 S Market St is an opportunity to acquire a fully-leased downtown Frederick asset. The building’s beautiful brick construction well-represents charming downtown Frederick. The first floor retail space is leased to Illuminate Beauty Studio and the upper level is currently occupied as a large one-bedroom apartment. The property boasts ample private rear parking which is a rarity in downtown Frederick. This offering is an amazing investor play in a premium location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,378 SF
Building Class
C
Year Built
1872
Price
$725,000
Price Per SF
$304.88
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
DB - The DB zoning in the Center City's commercial area allows most office and retail activities as well as residential uses.
Parking
10 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-092689 | Improvements Assessment | $254,400 |
| Land Assessment | $195,600 | Total Assessment | $450,000 |
Property Taxes
Parcel Number
02-092689
Land Assessment
$195,600
Improvements Assessment
$254,400
Total Assessment
$450,000
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Contact the Sale Advisor
509 S Market St