$74.58 Per Sq Foot $6,898 est/mo Sourced by Back At You

437 N Market St,Frederick, MD 21701

Frederick MD, 21701

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Description

Rare opportunity to own an iconic, mixed-use commercial building in downtown Frederick. Boasting 17,000+ square feet, including retail, gallery, classroom, art studios, office space, as well as three self-contained residential units: Two 2 bedroom corner 2nd and 3rd floors of of Market & 5th entrance at 2W 5th St and One 1 Bedroom 2nd floor apartment with entrance at 8 W 5Th St. Further potential lies in the opportunity for redevelopment. We have concept drawings available for both 11 and 14 unit condominium plans each with roof decks and balconies. There's also room to increase the size by an additional 5,000 square feet. The original architectural details, including soaring 14 foot ceilings, massive wooden columns, corbels, large garage door, arched and industrial style windows and spectacular roof top views, make this building truly one-of-a-kind. Whether you're an owner-user looking for a unique space to call your own, or an investor interested in tapping into the potential for redevelopment or a combo of it all Imagine the possibilities. From a 1900’s Steam Bakery to its current use as a vibrant and charitable Art Center. The property has been rented well below market value for over 12 years to help promote the Arts in Frederick, MD by providing affordable studio, classroom and exhibition space. Currently it is about 35%+ vacant and owner pay the utilities with the exception of the 3 the self contained residential units.

Details

MLS#MDFR2047940
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site16
Listing Provided ByFrederick Town Realty | Alice Hoxie

Features

SQ Feet17,229
ZoningDB
Acreage0.19

Market Activity 21701

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Listings Checked: 13 seconds ago
StateMD
CountyFrederick
CityFrederick
Zip Code21701
School DistrictFrederick County Public Schools
Listing VS Median (in 21701)
Price:
$1,285,000
low | high
Med:
$486,490
100% of Average
SqFt:
17,229
low | high
Med:
1,793
100% of Average
$ / SqFt:
$75
low | high
Med:
$271
100% of Average
On Site:
16
low | high
Med:
15
100% of Average
Sourced by Back At You
Listing Updated: May 8, 2024 at 7:44:25 PM PDT