217 Main St Frostburg, MD 21532-1505
This mixed-use property at 217 E Main Street in Frostburg, Maryland, presents a unique investment opportunity. The building encompasses 4,234 square feet and sits on a 0.21-acre lot in the heart of downtown Frostburg. Priced at $355,000, this property requires a prospective buyer to engage in preliminary discussions with the city to determine permissible uses. The building is currently winterized, and utilities are disconnected. Potential buyers should be aware that entry is at their own risk and should familiarize themselves with the applicable zoning codes before making an offer. A Hold Harmless Agreement is required, and proof of funds will be necessary to proceed. This property offers significant potential for redevelopment or repurposing, given its size and central location. The substantial square footage allows for a variety of commercial and/or residential uses, subject to city approval. Serious inquiries only, please. Prospective buyers are strongly encouraged to conduct thorough due diligence, including a comprehensive review of the zoning regulations and a site visit to assess the property's condition. The property is being sold "as is," and the buyer assumes all responsibility for understanding the property's permitted uses and associated regulations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Frostburg, MDFrostburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.