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    1003 Patrick St Frederick, MD 21702

    For Lease
    Contact for pricing

    Prime Frederick location, multiple suites available.

    Lot size:
    227,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Frederick County Square, located at 1003 W Patrick St, Frederick, MD 21702, presents a compelling retail investment opportunity. This 227,382 square foot shopping center enjoys a high-profile position on Route 40 within Frederick's coveted "Golden Mile." The property features a total of five suites, with a range of sizes available to accommodate diverse business needs. Spaces currently available total 19,381 square feet, with individual units ranging from a minimum of 1,542 square feet to a maximum contiguous space of 7,078 square feet. The center benefits from strong anchor tenants, including KMart, JoAnn Fabrics, and a shadow anchor, Wawa, ensuring high foot traffic and visibility. This established center offers a unique chance to establish or expand a retail presence in a thriving and well-established commercial area of Frederick County, Maryland. The property's strategic location and existing tenant base provide a solid foundation for future success. The multiple suite availability allows for flexibility in tenant selection and lease terms. This is an exceptional opportunity to secure retail space in a high-traffic, well-known shopping center.

    Property Features for 1003 Patrick St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    227,382 SF

    Unit(s) available at that property

    Space
    Suite 103
    Size
    7,078 SF
    Space
    Suite 200
    Size
    1,542 SF
    Space
    Suite 202
    Size
    1,542 SF
    Space
    Suite 203
    Size
    1,975 SF
    Space
    Suite 6
    Size
    2,780 SF
    Space
    Suite 7
    Size
    6,006 SF

    HighLights

    • Available for Lease
    • Suburban Retail Space
    • 227,382 Square Feet
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ollie's Bargain Outlet Discount Store UPS Access Point ... Shipping And Mailing Service Patrick Street Goodwill ... Non-Profit Organization ZIPS Cleaners Dry Cleaner Gogigo Korean BBQ ... Korean Barbecue Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.441854
    Latitude
    39.417409

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    FAQs

    What type of property is this?
    Retail property - Prime Frederick location, multiple suites available.
    Where is this retail property located?
    The property is located at 1003 Patrick St Frederick, MD.
    What are key features of this property?
    This property features: Available for Lease; Suburban Retail Space; 227,382 Square Feet
    Request Owner's contact information
    1003 Patrick St Frederick, MD 21702
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    Frederick, MD 21702
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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
    1003 Patrick St Frederick, MD 21702
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