144 Main StFrostburg, MD 21532

Property Details for 144 Main St

Year built

1855

Lot size

0.26 AC

Property size (Sq ft)

6,792 SF

Property type

Retail properties

Description

This stunning 6,792 sq ft, two-unit retail property in Frostburg, MD, is a unique investment opportunity. Located at 144 E Main St, this circa 1855 Greek Revival/Italianate brick mansion, listed on the National Register of Historic Places, boasts commanding street views. Extensive exterior and foundation work, including tuckpointing and a new retaining wall, has already been completed. The interior, while requiring full restoration, offers a blank canvas for creative redevelopment. Original architectural details, including stained glass, fireplaces, and hardwood floors, remain intact. A new gas hot water boiler (2021) is in place. The property features 10 parking spaces (to be verified) and benefits from flexible RO zoning, allowing for residential or office use. Its location in Frostburg's historic district, near Frostburg State University and the Gap Trail, offers excellent potential for various uses, including retail, residential conversion, or a boutique hotel. Eligible for financial incentives, this property presents a rare chance to own a piece of history while capitalizing on its significant upside potential. The 0.26-acre lot provides ample space. The asking price is $195,000 ($28.71/sq ft). APN: 0112011652. Fee simple ownership.

Location Insight

City

Frostburg

County

Allegany

State

Maryland

Latitude

39.6555

Longitude

-78.9236

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