10701 New Georges Creek RdFrostburg, MD 21532
- Land
- 0.81 AC
Property Details for 10701 New Georges Creek Rd
- Lot size
- 0.81 AC
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 24-104991
- APU
- 24104991
Description
Frostburg Plaza, a Class A retail center in Allegany County, Maryland, offers exceptional investment and leasing opportunities. This 117,033 square foot property, situated on a 16.3-acre lot at 10701 New Georges Creek Rd SW, Frostburg, MD 21532, boasts five single-story buildings with 17 suites. Completely renovated in 2023, the center features ample parking (600 spaces) and is conveniently located less than two miles from Interstate 68. The property is zoned Highway Commercial and enjoys high visibility on New Georges Creek Road, near major retailers such as Save-A-Lot, Weis Markets, Walgreens, Burger King, Chick-fil-A, and Sheetz. Currently, Frostburg Plaza houses established tenants including Goodwill, Cafe Oasis, Subway, Dollar Tree, UPMC, and the recently added Big Lots. Three spaces are currently available, ranging from 1,500 to 5,657 square feet, providing flexibility for various retail concepts. This thriving retail center presents a unique opportunity to capitalize on a strong location and established tenant base in a growing market. The property's 1979 construction has been significantly enhanced by the recent renovations, ensuring modern amenities and a high-quality shopping experience. Contact us today to learn more about the available spaces and explore the potential of this exceptional retail investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $9,669,910
- Hospitality
- $8,857,585
- Educational
- $7,369,407
- Medical
- $7,622,852
- Retail
- $11,463,522
Location Insight
- City
- Frostburg
- County
- Allegany
- State
- Maryland
- Latitude
- 39.6188
- Longitude
- -78.9159
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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