ACTIVE

437 N Market St

Frederick MD, 21701

$1,285,000


$74.58 per sqft

ACTIVE

17,229 sqft

Commercial

Built in 1900

Rare opportunity to own an iconic, mixed-use commercial building in downtown Frederick. Boasting 17,000+ square feet, including retail, gallery, classroom, art studios, office space, as well as three self-contained residential units: Two 2 bedroom corner 2nd and 3rd floors of of Market & 5th entrance at 2W 5th St and One 1 Bedroom 2nd floor apartment with entrance at 8 W 5Th St. Further potential lies in the opportunity for redevelopment. We have concept drawings available for both 11 and 14 unit condominium plans each with roof decks and balconies. There's also room to increase the size by an additional 5,000 square feet. The original architectural details, including soaring 14 foot ceilings, massive wooden columns, corbels, large garage door, arched and industrial style windows and spectacular roof top views, make this building truly one-of-a-kind. Whether you're an owner-user looking for a unique space to call your own, or an investor interested in tapping into the potential for redevelopment or a combo of it all... Imagine the possibilities. From a 1900's Steam Bakery to its current use as a vibrant and charitable Art Center. The property has been rented well below market value for over 12 years to help promote the Arts in Frederick, MD by providing affordable studio, classroom and exhibition space. Currently it is about 35%+ vacant and owner pay the utilities with the exception of the 3 the self contained residential units.

MDFR2047940

MLS ID

May 9, 2024

Updated

Map

437 N Market St
Frederick MD, 21701

Interior Features

Interior Features

Wood, Concrete, Carpet


Appliances

Electric Water Heater


Floor Description

Wood, Concrete, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Zoned, Electric, Natural Gas

Exterior/Building Features

Lot Size

0.19 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Frederick City


Taxes

$12,819


Tax Frequency

Annually


Days on Market

5


Garage

No


Parking

On Street


View

No


County

FREDERICK


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/4/2024

Active

Listed by Alice Hoxie, with Frederick Town Realty
Listing Contact: 3014012598 

The IDX display contains information sourced from the Bright MLS, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/9/2024 at 2:05 PM UTC

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