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    Historic Downtown Mount Airy Retail Title is generated by Realmo AI

    233-239 South Main Street, Mount Airy, MD 21771

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    Claim this Listing
    For Sale
    $2,850,000

    Two retail buildings in historic Mount Airy downtown.

    Type:Retail
    Property size:
    9,613 SF
    Price / SF:
    $296/SF
    Added:
    Nov 21, 2025
    Days on Market:
    192
    Last Refresh:
    May 8 at 8:15 pm

    Property Features for 233-239 South Main Street

    General Information

    Standard status
    Active
    Size
    9,613 SF
    Property subtype
    Retail

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    Listing Contact
    James F. Miers

    Listing agent James F. Miers

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 James F. Miers

    HighLights

    • Prime location in Mount Airy's historic downtown, a walkable corridor surrounded by shops and restaurants.
    • Investment opportunity with two retail buildings totaling 9,613 SF.
    • Potential for owner‑user to occupy a portion of the property while generating income from existing tenants.
    • Currently occupied by four tenants, providing immediate income stream.
    • Ample on‑site parking and handicap‑accessible entrances.
    • Easy access to I‑70, conveniently located between Baltimore and Frederick, MD.

    Overview

    Located in the heart of Mount Airy’s historic downtown, 233-239 South Main Street is a commercial investment opportunity, consisting of two retail buildings. The property, built in 1928, totals 9,613 square feet in two buildings. The two-story brick building at 233 South Main Street totals 8,400 square feet and once served as the Mt. Airy Volunteer Fire Department. The building offers restaurant and boutique shop space. Constructed more recently, 239 South Main Street is a single-story building totaling 1,213 square feet and is presently home to a bakery. The property is currently occupied by four tenants, with potential for an owner-user to occupy a portion of the space. The property offers ample parking spaces and handicap-accessible entrances to its shops. The surrounding area has seen steady investment and revitalization. Positioned in Mount Airy’s most walkable corridor, 233-239 South Main Street is surrounded by locally-owned shops, eateries, and civic landmarks. The space has long served as a destination for specialty retail, restaurants, and neighborhood foot traffic. The property has quick and easy access to I-70 and is well situated between Baltimore and Frederick, MD.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $336.8k $35.04
    − Vacancy −$4.4k −$0.46
    EGI $332.5k $34.58
    − OpEx −$83.1k −$8.65
    NOI $249.3k $25.94
    9,613 SF · lease $35.04/SF/yr · vacancy 1.30% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.56M
    $3.12M – $4.16M (±1% cap)
    NOI $249,345 @ 7.0% cap · market cap 8.75%
    Second Best
    Retail
    $1.50M
    $1.31M – $1.75M (±1% cap)
    NOI $104,712 @ 7.0% cap · market cap 3.67%
    Theoretical Best
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Airy
    County
    Frederick
    State
    Maryland
    Longitude
    -77.1552
    Latitude
    39.375

    FAQs

    What type of property is this?
    Strip mall - Two retail buildings in historic Mount Airy downtown.
    Where is this strip mall located?
    The property is located at 233-239 South Main Street Mount Airy, MD.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Prime location in Mount Airy's historic downtown, a walkable corridor surrounded by shops and restaurants.; Investment opportunity with two retail buildings totaling 9,613 SF.; Potential for owner‑user to occupy a portion of the property while generating income from existing tenants.
    More about this property
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