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    10701 New Georges Creek Rd Frostburg, MD 21532

    For Lease
    Contact for pricing

    Prime Retail Space, Frostburg, MD

    Lot size:
    117,033 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Frostburg Plaza, a Class A retail center in Allegany County, Maryland, offers exceptional investment and leasing opportunities. This 117,033 square foot property, situated on a 16.3-acre lot at 10701 New Georges Creek Rd SW, Frostburg, MD 21532, boasts five single-story buildings with 17 suites. Completely renovated in 2023, the center features ample parking (600 spaces) and is conveniently located less than two miles from Interstate 68. The property is zoned Highway Commercial and enjoys high visibility on New Georges Creek Road, near major retailers such as Save-A-Lot, Weis Markets, Walgreens, Burger King, Chick-fil-A, and Sheetz. Currently, Frostburg Plaza houses established tenants including Goodwill, Cafe Oasis, Subway, Dollar Tree, UPMC, and the recently added Big Lots. Three spaces are currently available, ranging from 1,500 to 5,657 square feet, providing flexibility for various retail concepts. This thriving retail center presents a unique opportunity to capitalize on a strong location and established tenant base in a growing market. The property's 1979 construction has been significantly enhanced by the recent renovations, ensuring modern amenities and a high-quality shopping experience. Contact us today to learn more about the available spaces and explore the potential of this exceptional retail investment.

    Property Features for 10701 New Georges Creek Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,033 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1979/2023
    Buildings
    5
    Stories
    1

    Unit(s) available at that property

    Space
    Lot 2
    Size
    1,500 SF
    Space
    Space 5
    Size
    5,657 SF
    Space
    Space 1A
    Size
    2,458 SF

    HighLights

    • New Big Lots store opened January 2023.
    • High visibility location on New Georges Creek Road SW, minutes from Frostburg State University and I‑68.
    • Continuum employs over 400 across two shifts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conduent Business Center Wendell Lewis Physician Assistant Horizon Goodwill Retail ... Thrift Store UPMC Primary Care ... Family Practice Physician Sheena M. Buskirk, ... Family Practice Physician

    Suggested Use

    Restaurant Law Firm 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
    Frostburg
    County
    Allegany
    State
    Maryland
    Longitude
    -78.909039773905
    Latitude
    39.648230182224

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Frostburg, MD
    Where is this individual retail property located?
    The property is located at 10701 New Georges Creek Rd Frostburg, MD.
    What are key features of this property?
    This property features: New Big Lots store opened January 2023.; High visibility location on New Georges Creek Road SW, minutes from Frostburg State University and I-68.; Continuum employs over 400 across two shifts.
    Request Owner's contact information
    10701 New Georges Creek Rd Frostburg, MD 21532
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    Frostburg, MD 21532
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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
    10701 New Georges Creek Rd Frostburg, MD 21532
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