10701 New Georges Creek RdFrostburg, MD 21532

Property Details for 10701 New Georges Creek Rd

Lot size

0.81 AC

Property type

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.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,091,900

  Retail / Commercial

  $8,824,980

  Mixed-Use / Specialty

  $8,841,080

  Hospitality / Lodging

  $6,548,330

  Office

  $8,838,090

  Institutional / Educational

  $9,208,160

  Residential Income

  $10,773,500

  Multifamily

  $12,657,600

  Automotive / Energy

  $7,892,710

  Parking / Income-Based Land

  $2,676,690

  Restaurant / Food Service

  $4,699,810

  Healthcare / Senior Housing

  $9,017,590

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

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