Active
100 Fourth-Thru 102 St
Frederick MD, 21701
$199,900
$39.96 per sqft
Active
0.11 Acres
Land
Investor alert - unimproved lot with Downtown Residential zoning in the City of Frederick. Property is currently being used as a parking lot with 17 parking spaces. Conservative pro-forma NOI is $11+k which yields a cap rate exceeding 5.5% cap rate if self managed.
Property could be developed for residential use. Located in the Historic Preservation District which is red hot - easy walk to a wide variety of restaurants, boutique shops, breweries and visual & performing art centers. Baker Park and the Talley Recreational Center are each 1/4 mile away; Hood College and the Frederick Memorial Hospital are less than 1/2 mile away.
Seller has applied to the City of Frederick to register the parking lot as a legal non-conforming use in the Downtown Residential zone
MDFR2056530
MLSⓇ ID
November 11, 2024
Listed
November 22, 2024
Updated
Map
100 Fourth-Thru 102 St
Frederick MD, 21701
Exterior/Building Features
Lot Size
0.11 Acres
Sewer
Public Sewer
School Information
School District
FREDERICK COUNTY PUBLIC SCHOOLS
Other Property Details
Area Name
Frederick City
Taxes
$3,934
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
FREDERICK
Pool
No
Listed by MacRo, Ltd.
Listing Contact: 3017485670
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Data last updated on 11/22/2024 at 1:46 AM UTC
