127 Patrick StFrederick, MD 21701

Property Details for 127 Patrick St

Year built

1868

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

3,272 SF

Zone code

DB

Property type

Office buildings

APN

02-036029

APU

2036029

Description

This exceptional two-story office space at 127 Patrick Street, Unit E-1, Frederick, MD, offers an unparalleled location just steps from the Frederick County Courthouse and ample public parking. The property boasts approximately 0.05 acres of land and features two convenient entrances for easy access. Inside, you'll find a well-designed layout including multiple private offices, perfect for individual work or team collaboration. A dedicated conference room facilitates productive meetings, while a separate file room ensures organized record-keeping. A fully equipped kitchen provides a comfortable break area, and two bathrooms add to the convenience. The space is currently furnished and ready for immediate occupancy. The property benefits from road frontage, providing excellent visibility and accessibility. Lease terms are available at a competitive triple net rate. This is an ideal location for businesses seeking a prestigious address and convenient access to the county courthouse and related services. Don't miss this opportunity to secure a highly desirable office space in the heart of Frederick. Inquire today for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $778,770

  6.5%

  $718,864

  7%

  $667,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $654,204

  Geo Method

  $654,204

• Alternative Use

  Use

  Valuation

  Residential

  $891,392

  Hospitality

  $816,510

  Educational

  $679,327

  Medical

  $702,690

  Retail

  $1,056,730

Location Insight

City

Frederick

County

Frederick

State

Maryland

Latitude

39.4143

Longitude

-77.4079

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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