Turnkey Restaurant and
11037 Liberty Rd, Frederick, MD 21701
For Sale
$2,200,000
Turnkey buildout with a full-service kitchen, retail refrigeration, and outdoor dining for restaurant and market concepts.
Property Size10,130 SF
Days on Market146
Property Features for 11037 Liberty Rd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Properties For Sale
at 11037 Liberty Rd Contact us11037 Liberty Rd Frederick, MD 21701
Size
3,154 SF
Lease Type
NNN
11037 Liberty Rd Frederick, MD 21701
Size
6,475 SF
Lease Type
NNN
Listing Agency:
VCRE
Listed By:
Tony C
(301) 471-8669
Source:
Thebrokerlist
Added: Jun 16
Changed: Nov 4
Last Checked: Nov 8 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VCRE
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Investment Insights
Based on property information with market context.
This property is a turnkey restaurant and market space with a full-service commercial kitchen and retail-ready refrigeration for market or grab-and-go formats. The layout also includes a dedicated meat processing space, an outdoor dining area for seasonal seating and events, and a family-oriented play area designed to support a welcoming guest experience. In addition, there is expansive second-level event space suited for private gatherings or programming. Major renovations were completed in 2023, including an upgraded onsite septic system, and the property is described as built in 2023.
Located at 11037 Liberty Rd in Frederick, Maryland, the building is offered as a two-unit configuration within a single 10,130 SF structure. The property is zoned General Commercial (GC), providing flexibility for a range of commercial uses. The offering notes that alcoholic beverage sales for carry-out are permitted.
For operators looking to open or reposition a dining and retail concept, the existing kitchen, refrigeration, and event-capable second level reduce the need for immediate start-up work. The combination of a market-oriented interior, outdoor seating, and on-site event space supports businesses that want to serve food while also offering retail components or community-focused programming within a GC zoning framework.
Located at 11037 Liberty Rd in Frederick, Maryland, the building is offered as a two-unit configuration within a single 10,130 SF structure. The property is zoned General Commercial (GC), providing flexibility for a range of commercial uses. The offering notes that alcoholic beverage sales for carry-out are permitted.
For operators looking to open or reposition a dining and retail concept, the existing kitchen, refrigeration, and event-capable second level reduce the need for immediate start-up work. The combination of a market-oriented interior, outdoor seating, and on-site event space supports businesses that want to serve food while also offering retail components or community-focused programming within a GC zoning framework.
Key Highlights
- Built in 2023 with a 10,130 SF building for restaurant and market concepts
- Full‑service commercial kitchen included and described as ready for immediate operation
- Retail space includes refrigeration for market or grab‑and‑go concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,343
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,860
$2.2M
Cap Rate 7%
$1,576,329
$1.6M
Cap Rate 9%
$1,226,033
$1.2M
Market Conditions
NOI Build-Up for 10,130 SF
Gross rent
$161.7K $15.96/SF
− Vacancy
−$4.0K −$0.40/SF
EGI
$157.6K $15.56/SF
− OpEx
−$47.3K −$4.67/SF
NOI
$110.3K $10.89/SF
Area
Frederick County, MD
Vacancy
2.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,860
Cap Rate 7%
$1,576,329
Cap Rate 9%
$1,226,033
Alternative Uses
Best Use
Specialty Retail
$3.75M
$3.28M – $4.38M
NOI $262,756 @ 7.0% cap · market cap 11.94%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,343 @ 7.0% cap · market cap 5.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey buildout with a full-service kitchen, retail refrigeration, and outdoor dining for restaurant and market concepts.
Where is this conventional restaurant located?
The property is located at 11037 Liberty Rd Frederick, MD.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Built in 2023 with a 10,130 SF building for restaurant and market concepts; Full‑service commercial kitchen included and described as ready for immediate operation; Retail space includes refrigeration for market or grab‑and‑go concepts
