5425 Urbana PikeFrederick, MD 21701

For Lease
  • Outlet malls
  • 43,256 SF

Property Details for 5425 Urbana Pike

Year built
1998
Construction
BRICK
Lot size
15.33 AC
Property size (Sq ft)
43,256 SF
Zone code
GC MM
Property type
Outlet malls
APN
28-582536
APU
28582536

Description

Riverview Plaza, located at 5425 Urbana Pike in Frederick, Maryland (zip code 21701), presents a significant retail leasing opportunity in Frederick County. This multi-tenant commercial property boasts a total of 33,429 square feet, currently entirely vacant and available for lease. The building is comprised of two suites, offering flexible space options to suit various business needs. Businesses seeking a smaller footprint can lease a minimum of 9,260 square feet, while larger tenants can occupy up to 24,169 contiguous square feet. The property's strategic location on Urbana Pike provides excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. The entire 33,429 square feet is available for lease, presenting a unique chance for a single large tenant or the possibility of dividing the space to accommodate multiple businesses. This prime retail space in Frederick, MD offers a compelling opportunity for growth and success. Interested parties are encouraged to inquire for further details and leasing information. The property is situated at latitude 39.3850686 and longitude -77.4007126.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,134,196
    6.5%
    $13,970,027
    7%
    $12,972,168
  • Comparable approach

    Method
    Valuation
    Relative Method
    $21,794,484
    Geo Method
    $21,794,484
  • Alternative Use

    Use
    Valuation
    Residential
    $11,784,240
    Hospitality
    $10,794,301
    Educational
    $8,980,732
    Medical
    $9,289,593
    Retail
    $13,970,027
5425 Urbana Pike, Frederick, Maryland

Location Insight

City
Frederick
County
Frederick
State
Maryland
Latitude
39.3805
Longitude
-77.3969
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
$159,865
-
-
$13,436,067
-
$8,013,300
$5,529,400
$13,542,700

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