224 Church StThurmont, MD 21788

Property Details for 224 Church St

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.14 AC

Property size (Sq ft)

6,520 SF

Zone code

GB

Property type

Retail space

APN

15-322403

APU

15322403

Description

Thurmont Plaza, located at 224 N Church St, Thurmont, MD 21788, presents a compelling retail investment opportunity. This single-story, 33,555 square foot Class B center, built in 1971, sits on a 3.14-acre lot and boasts a diverse tenant mix of national and local businesses. The property offers ample parking with 252 spaces, ensuring convenient access for customers. Currently, 15,634 square feet of space is available, with units ranging from 1,165 to 9,395 contiguous square feet. The entire building is also available for lease (33,555 sq ft). The property is zoned GB and enjoys a prime location in the heart of Thurmont, easily accessible via Emmitsburg Rd. The building features no elevators. This property offers a unique chance to establish or expand your retail presence in a thriving Maryland market within the Frederick submarket cluster. The property's strategic location and substantial parking make it an attractive destination for shoppers and businesses alike. This is a rare opportunity to acquire a significant retail presence in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,281,186

  6.5%

  $2,105,710

  7%

  $1,955,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,285,094

  Geo Method

  $3,285,094

• Alternative Use

  Use

  Valuation

  Residential

  $1,776,245

  Hospitality

  $1,627,031

  Educational

  $1,353,670

  Medical

  $1,400,225

  Retail

  $2,105,710

Location Insight

City

Thurmont

County

Frederick

State

Maryland

Latitude

39.628

Longitude

-77.41

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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