490 Prospect BlvdFrederick, MD 21701

  • Community centers
  • 28,300 SF
For Lease
$15/SF/YR View listing

Property Details for 490 Prospect Blvd

Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.86 AC
Property size (Sq ft)
28,300 SF
Zone code
GC
Property type
Community centers
APN
02-149303
APU
2149303

Description

This exceptional retail opportunity is located at 490 Prospect Blvd in Frederick, Maryland, 21701. The property, known as Festival at Frederick, offers a total of 9,300 square feet of retail space within a multi-tenant building. Currently, there is 12,797 square feet of vacant space available, divisible into units ranging from a minimum of 3,115 square feet to a maximum contiguous space of 8,025 square feet. The center enjoys a highly visible location at the intersection of I-270 and South Jefferson Street, providing excellent accessibility and high traffic volume. Its strategic position offers convenient access to downtown Frederick (5 minutes away), Washington, D.C. (45 minutes away), and Baltimore (45 minutes away). The property benefits from a strong anchor tenant, Weis Markets, further enhancing its appeal and drawing significant customer traffic. This presents a unique chance to establish a retail presence in a thriving, well-connected area with substantial foot traffic and convenient access to major transportation arteries. The property is situated in Frederick County, Maryland, offering a robust local market and a strong regional draw. This retail space is ideal for businesses seeking high visibility and convenient access to a large customer base.

490 Prospect Blvd, Frederick, Maryland

Location Insight

City
Frederick
County
Frederick
State
Maryland
Latitude
39.4061
Longitude
-77.4302
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-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
$48,029
-
-
$2,639,000
-
$1,868,000
$1,358,200
$3,226,200

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