137-141 Patrick St Frederick, MD 21701
- Office Properties & Spaces
- 11,630 SF
- 0.10 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 137-141 Patrick St
- Year built
- 1862
- Lot size
- 0.10 lot acres
- Property size
- 11,630 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fully leased, 11,630 square foot office building situated in the vibrant heart of Downtown Frederick, Maryland. The property, located at 137-141 W Patrick Street, boasts a prime location adjacent to the County Courthouse and the City of Frederick office annex, ensuring high visibility and convenient access to essential services. The building features a modern elevator providing convenient access to all three floors. Ample parking is available with over 30 spaces located in the rear of the building, easily accessible from the rear lobby. Currently housing four tenants, including two law firms occupying the first and third floors, and two additional office tenants on the second floor, this property offers a stable and consistent income stream. The building's strategic location also benefits from the proximity of a city-owned parking deck across the street, providing additional parking options for tenants and visitors. This blend of modern amenities within a historic building creates a highly desirable workspace, making it an attractive investment for discerning buyers. The property sits on a 0.1-acre lot and is listed at $2,300,000. This is a rare chance to acquire a well-maintained, fully leased office building in a thriving downtown area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.4138
- Latitude
- 39.4143
