500 W Patrick St

Highlights:

• - 6.4% In Place Cap Rate | 100% Occupied Retail Property with Development Rights
• - In an Opportunity Zone
• - Size: 12,761 square feet across three buildings
• - Spaces: 4 retail/commercial spaces
• - Zoning: DB, allowing versatile development options

Description:

6.4% In Place Cap Rate | 100% Occupied Retail Property with Development Rights in an Opportunity Zone

ONE Street Commercial Properties is delighted to present an exceptional investment opportunity in the heart of downtown Frederick, Maryland.

This prime retail property spans 12,761 square feet across three buildings and boasts 100% occupancy, ensuring immediate and stable income potential. Built in 1961 and zoned DB (Downtown Business), this property offers unparalleled flexibility for retail use and redevelopment. Key redevelopment potential byright includes the ability to create approximately 70 residential units above 12,000 square feet of retail or commercial space, making this an ideal investment for those looking to capitalize on the growth and vibrancy of Frederick’s dynamic downtown.

Don’t miss the chance to secure a high-potential asset in one of Maryland’s most sought-after commercial locations. This property combines a stable income stream with exciting redevelopment possibilities, making it a must-see opportunity for retail and redevelopment investors alike.

The property enjoys a prime location mere minutes from the heart of downtown Frederick, MD, ensuring easy access to the city's vibrant cultural, dining, and shopping attractions. Additionally, the area is in close proximity to esteemed schools, providing convenience for families and educational institutions. Moreover, the property benefits from swift connectivity to major highways and interstates, facilitating seamless transportation and access to neighboring cities and metropolitan areas. This strategic positioning enhances the property's appeal and accessibility, making it an ideal choice for businesses seeking a desirable location with excellent connectivity to key amenities and transportation routes.

Natural Gas

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