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.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 5/9/2024 at 2:05 PM UTC