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Retail Investment Opportunity
For Lease
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500 W Patrick St, Frederick, MD

Fully leased retail property with versatile development options.

Space Size2,800 SF
Lot Size0.91 Acres
Days on Market796

Property Features for 500 W Patrick St

General Information

Standard status Active
Size 2,800 SF
Lot size 0.91 Acres
Property subtype RETAIL

Spaces For Lease

at 500 W Patrick St Contact us

500 W Patrick St

Floor
1
Size
2,800 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
-ONE Street Commercial Properties is proud to present this extraordinary pad site...
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Listing Agency: ONE Street
Listed By: Kevin Brandes · License #DCSP98378229
Source: Moodyscre
Added: Jul 20, 2024 Changed: Sep 14 Last Checked: Sep 22 at 4:33PM

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 ONE Street

Investment Insights

Based on property information with market context.

This retail property features 12,761 square feet of space distributed across three buildings. It comprises four retail/commercial spaces and is currently 100% leased. The property operates at a 6% capitalization rate. Zoned DB, the site allows for versatile development options.

Key Highlights

  • 1.6% in place Cap Rate
  • 100% leased
  • 12,761 square feet across three buildings

Property Analytics

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Open Analytics

Current Use

First Cash Pawn Discount Store Zenobia Lounge Bar & Pub

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Auto Repair Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,262
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 50% Home Improvements & Furnishings 34% Apparel 16%
Southern States Home Improvements & Furnishings
1,436 visits/mo 0.2 miles
Napa Auto Parts Shops & Services
1,386 visits/mo 0.2 miles
CubeSmart Self Storage Shops & Services
739 visits/mo 0.4 miles
Talbots Apparel
666 visits/mo 0.4 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Frederick, MD

$20.46 /SF/Yr
Avg Asking Price
$12–$33 /SF/Yr
Price Range
13,587 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Fully leased retail property with versatile development options.
Where is this retail space located?
The property is located at 500 W Patrick St Frederick, MD.
What is the lease rate?
The lease rate is $2,190,000.
What are key features of this property?
This property features: 1.6% in place Cap Rate; 100% leased; 12,761 square feet across three buildings
(240) 813-9344 Call to check price and availability
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