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    Investment properties

    500 W Patrick St, Frederick, MD 21701

    7,880 SF 0.95 ac lot Built 1961
    Entity Owned ~ Est. High Equity
    Property ID
    US40-1077093
    Property summary
    AI-generated overview

    This exceptional retail pad site, located at 500 W Patrick St, Frederick, MD 21701, presents a rare opportunity for businesses seeking high visibility and a thriving location. Zoned Downtown Business (DB), this single-tenancy pad site is ideal for retail or restaurant use. The property boasts unparalleled access to the vibrant heart of Downtown Frederick, a bustling area known for its unique boutiques, diverse dining options, and rich cultural experiences. Its proximity to scenic parks, including the Carroll Creek Promenade, offers a desirable work-life balance. Furthermore, the site benefits from its close proximity to key attractions such as the Delaplaine Arts Center, the National Museum of Civil War Medicine, and the Frederick Fairgrounds, ensuring high foot traffic and exposure. Frederick's significant growth over the past decade, ranking among the highest in the Washington, DC MSA, makes this an exceptional investment opportunity in a rapidly expanding market. The cross street is W South Street. This property offers an unparalleled chance to establish a successful business within a dynamic and amenity-rich environment. The site's strategic location and zoning make it perfectly suited for a variety of retail or restaurant concepts.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1961
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 7,880 SF
    Lot 0.95 ac (41,574 SF)
    Zoning code DB
    APN 02-135132
    UPID US40-1077093
    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
    Current use
    Occupant on record · Public records
    • First Cash Pawn Discount Store (Bike/Boat/Book/etc) Store
    • Zenobia Lounge Bar & Pub (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.57M
    Blend (final) Blend
    $1.69M
    Owner & transaction history
    500 W Patrick St LLC
    500 W Patrick St LLC
    since 2026
    Last sale
    $1.8M
    3 recorded transactions
    2026
    $1.8M
    2025
    2017
    Zoning & alternative use
    DB · Frederick, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.5M +24.2%
    Retail stores $2.2M +11.0%
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    More about this property
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