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    413 Market St Frederick, MD 21701

    For Sale
    $650,000

    Prime Location, High Potential Income

    Property size:
    5,787 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5,787 square foot mixed-use property, situated on a 0.2-acre lot at 413 N Market Street in the heart of Frederick, MD, presents a unique investment opportunity. The ground floor currently houses a thriving dry cleaning and alteration business, a long-standing tenant (34 years) operating on a month-to-month lease and with a desire to remain. All dry cleaning processes are conducted off-site. The upper level features two one-bedroom apartments, also on month-to-month leases, accessed via a separate entrance and impressive staircase. The property includes a private driveway providing access to at least two rear parking spaces, enhancing the convenience and appeal for both commercial and residential tenants. Adding to the property's versatility are a detached garage and a substantial storage building, currently unrented but offering significant potential for additional income streams. Klineharts Alley provides convenient rear access. The building is in excellent condition and benefits from a premium location ideal for a variety of commercial and residential uses. The asking price is $650,000.

    Property Features for 413 Market St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,787 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1834
    Property Profile Location Intelligence

    Current Use by Public Records

    North Cleaners Dry Cleaner

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.41058
    Latitude
    39.41959

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High Potential Income
    Where is this mixed-use property located?
    The property is located at 413 Market St Frederick, MD.
    What is the asking price?
    The asking price for this property is $650,000.
    (301) 662-0155
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    Frederick, MD 21701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    413 Market St Frederick, MD 21701
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