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Property profile & analytics
OFF-MARKET
Commercial land

10701 New Georges Crk SW Rd Frostburg, MD 21532-1457

0.81 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US40-0619491
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.81 ac (35,495 SF)
APN 24-104991
UPID US40-0619491
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
Current use
Occupant on record · Public records
  • Conduent Business Service Center Corporate Office
  • Wendell Lewis Physician
  • Horizon Goodwill Retail Store Discount Store
  • UPMC Primary Care – Frostburg Plaza Pediatrician Physician
  • Sheena M. Buskirk, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Oreilly Automotive Stores INC · 2 yrs held
Oreilly Automotive Stores INC
since 2024
Last sale
$325,000
3 recorded transactions
2024
$325,000
2022
Price N/A
2018
$2.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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