10701 New Georges Creek RdFrostburg, MD 21532

  • Land
  • 0.81 AC
For Lease

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
10701 New Georges Creek Rd, Frostburg, Maryland

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$319,400
-
$319,400
-
$319,400
-
$319,400

FAQs

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