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437 N Market Street

FREDERICK, MD 21701
  • $1,285,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: MDFR2047940
UPDATED: 36 min ago
$1,285,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Rare opportunity to own an iconic, mixed-use commercial building in downtown Frederick. Boasting 17,000+ square feet, including retail, gallery, classroom, art studios, office space, as well as three self-contained residential units: Two 2 bedroom corner 2nd and 3rd floors of of Market & 5th entrance at 2W 5th St and One 1 Bedroom 2nd floor apartment with entrance at 8 W 5Th St. Further potential lies in the opportunity for redevelopment. We have concept drawings available for both 11 and 14 unit condominium plans each with roof decks and balconies. There's also room to increase the size by an additional 5,000 square feet. The original architectural details, including soaring 14 foot ceilings, massive wooden columns, corbels, large garage door, arched and industrial style windows and spectacular roof top views, make this building truly one-of-a-kind. Whether you're an owner-user looking for a unique space to call your own, or an investor interested in tapping into the potential for redevelopment or a combo of it all Imagine the possibilities. From a 1900s Steam Bakery to its current use as a vibrant and charitable Art Center. The property has been rented well below market value for over 12 years to help promote the Arts in Frederick, MD by providing affordable studio, classroom and exhibition space. Currently it is about 35%+ vacant and owner pay the utilities with the exception of the 3 the self contained residential units.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-28T10:25:55.32.
www.greatfallsgreathomes.com/homes/150174230
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437 N Market Street FREDERICK, MD 21701

  • Price: $1,285,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 36 min ago
  • ID#: MDFR2047940
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1900
Built
County:
Frederick
School District:
Frederick County Public Schools
Property Description
Rare opportunity to own an iconic, mixed-use commercial building in downtown Frederick. Boasting 17,000+ square feet, including retail, gallery, classroom, art studios, office space, as well as three self-contained residential units: Two 2 bedroom corner 2nd and 3rd floors of of Market & 5th entrance at 2W 5th St and One 1 Bedroom 2nd floor apartment with entrance at 8 W 5Th St. Further potential lies in the opportunity for redevelopment. We have concept drawings available for both 11 and 14 unit condominium plans each with roof decks and balconies. There's also room to increase the size by an additional 5,000 square feet. The original architectural details, including soaring 14 foot ceilings, massive wooden columns, corbels, large garage door, arched and industrial style windows and spectacular roof top views, make this building truly one-of-a-kind. Whether you're an owner-user looking for a unique space to call your own, or an investor interested in tapping into the potential for redevelopment or a combo of it all Imagine the possibilities. From a 1900s Steam Bakery to its current use as a vibrant and charitable Art Center. The property has been rented well below market value for over 12 years to help promote the Arts in Frederick, MD by providing affordable studio, classroom and exhibition space. Currently it is about 35%+ vacant and owner pay the utilities with the exception of the 3 the self contained residential units.
Exterior Features

Construction Materials Brick Garage YN No Location Type Downtown Parking Types On Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 17229.00 Cooling Ceiling Fan(s)Ductless/Mini-SplitWindow Unit(s)OtherZoned Flooring ConcreteBambooPartially CarpetedWood Heating Baseboard - ElectricCeilingRadiatorZonedOther Heating YN Yes Net Square Feet 17000.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details StoneSlabCrawl SpaceBrick/Mortar Heating Fuel ElectricNatural Gas Hot Water Electric Municipality Frederick City Navigable Water YN N New Construction YN No Original MLSNumber 803042022330 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12819.00 Vacation Rental YN No Water Source Public Zoning DB

Listing courtesy of Frederick Town Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-28T10:25:55.32.
 
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