1275 Patrick StFrederick, MD 21702

Property Details for 1275 Patrick St

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.13 AC

Property size (Sq ft)

18,620 SF

Zone code

GC

Property type

Retail properties

Property subtype

Community centers

APN

02-046814

APU

2046814

Description

This exceptional retail space, totaling 3,424 square feet, is ideally situated at 1275 W Patrick St in Frederick, Maryland, zip code 21702. Currently entirely vacant, this property presents a unique opportunity for a restaurant or similar establishment seeking a prominent location in Frederick County. The entire building is available for lease, offering ample space for a large-scale operation or the potential to be subdivided (subject to landlord approval). The property is classified as retail, specifically suited for restaurant use. Its location within Frederick offers high visibility and accessibility, making it an attractive proposition for businesses aiming to capture a significant market share. The address is easily accessible from major roadways, ensuring convenient access for both customers and staff. This is a turnkey opportunity for a business looking to establish or expand its presence in a thriving Maryland market. Interested parties are encouraged to inquire for lease terms and conditions. The property is located in Frederick County, Maryland. The building's total square footage is 3,424 square feet, with the entire space currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $6,514,674

  6.5%

  $6,013,545

  7%

  $5,584,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,381,665

  Geo Method

  $9,381,665

• Alternative Use

  Use

  Valuation

  Residential

  $5,072,650

  Hospitality

  $4,646,520

  Educational

  $3,865,850

  Medical

  $3,998,803

  Retail

  $6,013,545

Location Insight

City

Frederick

County

Frederick

State

Maryland

Latitude

39.4194

Longitude

-77.4486

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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