7589 Shields DrFrederick, MD 21704

Property Details for 7589 Shields Dr

Year built

1998

Construction

WOOD

Lot size

6.70 AC

Property size (Sq ft)

1,520 SF

Zone code

GC

Property type

Office properties

Property subtype

Office buildings

APN

28-534388

APU

28534388

Description

This exceptional 5.2-acre pad site, located at 7589 Shields Dr in Frederick, Maryland, presents a remarkable opportunity for retail development. The property is zoned for commercial use and offers two available spaces, ideal for multiple tenants seeking high-visibility locations. Situated in Frederick County, zip code 21704, this land boasts a strategic location with excellent access to major roadways, ensuring high traffic volume and strong potential for customer reach. The expansive lot size provides ample space for building construction and ample parking, catering to the needs of both businesses and their customers. The property's classification as a retail pad site makes it particularly attractive for businesses seeking high-traffic locations with excellent visibility. This is a rare opportunity to acquire a substantial parcel of land in a thriving commercial area. The property's location in Frederick, MD offers access to a robust local economy and a strong consumer base. With its convenient access and ample space, this site is perfectly positioned for success. Serious inquiries are encouraged to explore the possibilities of this prime retail location. The property is currently available for lease. Further details regarding zoning and development possibilities are available upon request. Don't miss this chance to secure a prominent location for your business in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $361,776

  6.5%

  $333,947

  7%

  $310,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,909

  Geo Method

  $303,909

• Alternative Use

  Use

  Valuation

  Residential

  $414,094

  Hospitality

  $379,308

  Educational

  $315,580

  Medical

  $326,433

  Retail

  $490,902

Location Insight

City

Frederick

County

Frederick

State

Maryland

Latitude

39.3881

Longitude

-77.4051

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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