Property profile

217 Main St Frostburg, MD 21532

OFF-MARKET
Retail space
Property ID
US40-0813383
1,055 SF 0.17 ac lot Built 1930
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 1,055 SF
Lot 0.17 ac (7,500 SF)
Zoning code C2
APN 11-007546
UPID US40-0813383

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

217 Main St Frostburg, MD 21532-1505
Frostburg metro Census 1600 CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Frostburg, MD
Zoning description

To provide for a wide range of commercial uses serving local and regional markets as well as travelers on local highways.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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