490 Prospect Blvd 8 Frederick, MD 21701-6430
This exceptional retail opportunity is located at 490 Prospect Blvd in Frederick, Maryland, 21701. The property, known as Festival at Frederick, offers a total of 9,300 square feet of retail space within a multi-tenant building. Currently, there is 12,797 square feet of vacant space available, divisible into units ranging from a minimum of 3,115 square feet to a maximum contiguous space of 8,025 square feet. The center enjoys a highly visible location at the intersection of I-270 and South Jefferson Street, providing excellent accessibility and high traffic volume. Its strategic position offers convenient access to downtown Frederick (5 minutes away), Washington, D.C. (45 minutes away), and Baltimore (45 minutes away). The property benefits from a strong anchor tenant, Weis Markets, further enhancing its appeal and drawing significant customer traffic. This presents a unique chance to establish a retail presence in a thriving, well-connected area with substantial foot traffic and convenient access to major transportation arteries. The property is situated in Frederick County, Maryland, offering a robust local market and a strong regional draw. This retail space is ideal for businesses seeking high visibility and convenient access to a large customer base.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Frederick, MDFrederick. 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.