Mixed-Use Building with
For Sale
$1,100,000
16-20 W MAIN Street, Emmitsburg, MD 21727
Multi-Family, EMMITSBURG, MD
Property Size4,276 SF
Lot Size0.21 Acres
Price / SF$257.25
Days on Market48
Property Features for 16-20 W MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Garage
Elementary school district
FREDERICK COUNTY PUBLIC SCHOOLS
Middle school district
FREDERICK COUNTY PUBLIC SCHOOLS
High school district
FREDERICK COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
4,276 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
5736
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s), Central Air
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Joseph L Simmel · License #604978
(240) 315-6644
Added: Sep 8
Changed: Oct 22
Last Checked: Oct 25 at 4:06AM
MLS# MDFR2089070
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,276-square-foot mixed-use building combines an operating restaurant and bar with three residential rental units on the upper two levels. The residential component includes two one-bedroom apartments and one studio, each with independent exterior access. The dining and bar areas also offer separate access from the street. A liquor license is included with the property. Brick construction dates to 1900, with forced-air heating and a combination of central air, window units, and ceiling fans.
The property occupies 0.2121 acres at 16-20 W MAIN Street in Emmitsburg, Maryland. Parking is available through a private garage and on the street. The site is identified with VZ Village Zoning and is located within the downtown area described in the property information.
The property occupies 0.2121 acres at 16-20 W MAIN Street in Emmitsburg, Maryland. Parking is available through a private garage and on the street. The site is identified with VZ Village Zoning and is located within the downtown area described in the property information.
Key Highlights
- 4,276‑square‑foot mixed‑use building with restaurant, bar, and residential components
- Three upper‑level rentals: two one‑bedroom units and one studio apartment
- Restaurant and bar areas have separate street access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,179
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,580
$1.2M
Cap Rate 7%
$831,129
$831.1K
Cap Rate 9%
$646,433
$646.4K
Market Conditions
NOI Build-Up for 4,276 SF
Gross rent
$111.3K $26.04/SF
− Vacancy
−$5.6K −$1.30/SF
EGI
$105.8K $24.74/SF
− OpEx
−$47.6K −$11.13/SF
NOI
$58.2K $13.61/SF
Area
Frederick County, MD
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,580
Cap Rate 7%
$831,129
Cap Rate 9%
$646,433
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.39M – $1.85M
NOI $110,912 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$831.1K
$727.2K – $969.7K
NOI $58,179 @ 7.0% cap · market cap 5.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 21727, MD
6,593
Population
1,838
Households
3.6
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
31.3 sq mi
ZIP Area
211
Density / Sq Mi
$92,697
Median Household Income
$21,536
Median Earnings
$824
Median Rent
$304,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar space occupy the lower level, with three separate residential rental units above.
Where is this mixed-use property located?
The property is located at 16-20 W MAIN Street Emmitsburg, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,276‑square‑foot mixed‑use building with restaurant, bar, and residential components; Three upper‑level rentals: two one‑bedroom units and one studio apartment; Restaurant and bar areas have separate street access
