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501, 493, & 489 Main Street

$2,900,000

501, 493, & 489 Main Street, Prince Frederick, Md 20678

Active
Last Updated: 02/12/2025

19,031 sqft

Building Size

2005

Year Built

Details:
Building Size:    19,031 sqft
Year Built:    2005
Price Per Sqft:    $152.38
Zoning:    TC
Roof:    Asphalt
Highlights:
  • Days on Market: 450
  • Parking Features: Handicap Parking, Unassigned
  • Heating: Heat Pump(s)
Description:

The Seller’s operating structure is set up in three layers. Initially as a Land Condo (Old Field Commons) with 6 building sites each with 10% direct ownership interest (60%) and a 40% undivided common interest representing the common areas. Of the 6 pad sites, 3 are operated by single business owners and 3 are operated as condominiums with multiple condominium suite owners. The allocation of the common area charge among the 6 sites is based on building square footage. Building capacity is maximized for each site.

Map:
Location
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