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    FOR LEASE
    Retail space

    224 N Church St, Thurmont, MD 21788

    6,520 SF 3.14 ac lot Built 1971
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US40-0315155
    Property summary
    AI-generated overview

    Thurmont Plaza, located at 224 N Church St, Thurmont, MD 21788, presents a compelling retail investment opportunity. This single-story, 33,555 square foot Class B center, built in 1971, sits on a 3.14-acre lot and boasts a diverse tenant mix of national and local businesses. The property offers ample parking with 252 spaces, ensuring convenient access for customers. Currently, 15,634 square feet of space is available, with units ranging from 1,165 to 9,395 contiguous square feet. The entire building is also available for lease (33,555 sq ft). The property is zoned GB and enjoys a prime location in the heart of Thurmont, easily accessible via Emmitsburg Rd. The building features no elevators. This property offers a unique chance to establish or expand your retail presence in a thriving Maryland market within the Frederick submarket cluster. The property's strategic location and substantial parking make it an attractive destination for shoppers and businesses alike. This is a rare opportunity to acquire a significant retail presence in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1971
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,520 SF
    Lot 3.14 ac (136,778 SF)
    Zoning code GB
    APN 15-322403
    UPID US40-0315155
    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
    $6.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.85M
    Owner & transaction history
    Carrollton Thurmont LLC · 4 yrs held
    Carrollton Thurmont LLC
    since 2021
    Last sale
    $4.8M
    5 recorded transactions
    2021
    $4.8M
    2010
    $2.7M
    2009
    2003
    $2.0M
    1969
    Zoning & alternative use
    GB · Thurmont, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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