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    Mixed-use properties

    144 Main St, Frostburg, MD 21532

    6,792 SF 0.26 ac lot Built 1855
    Property ID
    Property summary
    AI-generated overview

    This stunning 6,792 sq ft Greek Revival/Italianate brick mansion, circa 1855, is listed on the National Register of Historic Places and boasts a commanding view of Main and Bowery Streets in Frostburg, MD. The exterior and foundation have undergone a complete restoration, including historically accurate lime-based mortar and tuckpointing, new stone veneer retaining wall, and repurposed granite steps. A new gas hot water boiler (2021) ensures comfortable heating via cast iron radiators. The interior, while requiring complete restoration, offers a blank canvas for creative design, featuring 3,500 sq ft of large rooms, soaring ceilings, abundant natural light, and many original architectural details including stained glass windows, fireplaces with original mantels, original doors and trim, 6/6 wavy glass windows, recessed interior wood shutters, wood floors, tall base moldings, paneled wainscoting, a pressed tin ceiling, and arched openings. The property sits on a 0.26-acre lot and includes a rear parking lot (capacity to be verified) for approximately 10 cars. Flexible zoning (residential/office) and Opportunity Zone eligibility present significant investment potential. Consider uses such as an inn/Airbnb, boutique hotel, event venue, or mixed-use residential/commercial space. This unique property offers a rare opportunity to own a piece of Frostburg's history and create a truly exceptional space. Located near restaurants, shops, groceries, the Western Maryland Scenic Railroad, Frostburg State University, and the Gap Trail.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1855
    Total area 6,792 SF
    Lot 0.26 ac (11,326 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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