Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
To provide for a wide range of commercial uses serving local and regional markets as well as travelers on local highways.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Frostburg, MDTo provide for a wide range of commercial uses serving local and regional markets as well as travelers on local highways.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
To provide for a wide range of commercial uses serving local and regional markets as well as travelers on local highways.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Frostburg, MD.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning