302 4Th StFrederick, MD 21701

Property Details for 302 4Th St

Year built

1948

Lot size

0.77 AC

Property size (Sq ft)

2,785 SF

Zone code

DR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

02-122324

APU

2122324

Description

This exceptional income-producing commercial property, located in the heart of Frederick's business district, presents a unique investment opportunity. The main building, a three-story office building with a full basement, offers 5,699 square feet of space and is currently leased until June 30, 2026, ensuring immediate cash flow. The building is in good condition and features central gas heating and electric air conditioning systems, both in excellent working order. A fully functional security system enhances the property's safety and security. Adding to its versatility, a substantial 40 x 45 foot pole building provides ample storage and shop space, ideal for various business needs. The property sits on a half-acre lot (0.5 acres), zoned M-1 Light Industrial, offering flexibility for future development or expansion. Detailed lot information, including Lot 2, is available upon request. Showings are available weekdays between 8 AM and 5 PM. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving business location. Don't miss out on this chance to own a piece of Frederick's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $662,859

  6.5%

  $611,869

  7%

  $568,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $556,833

  Geo Method

  $556,833

• Alternative Use

  Use

  Valuation

  Residential

  $758,718

  Hospitality

  $694,982

  Educational

  $578,217

  Medical

  $598,102

  Retail

  $899,448

Location Insight

City

Frederick

County

Frederick

State

Maryland

Latitude

39.4182

Longitude

-77.4033

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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