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Property profile & analytics
OFF-MARKET
Retail space

217 Main St Frostburg, MD 21532-1505

1,055 SF 0.17 ac lot Built 1930
Individually Owned 2-yr Hold Free & Clear
Property ID
US40-0813383
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gayle Kastell · 2 yrs held
Gayle Kastell
since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Frostburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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