Residential Land for Sale in Frederick, Maryland
100 Fourth-Thru 102 St Frederick, MD 21701
Investor alert - unimproved lot with Downtown Residential zoning in the City of Frederick. Property is currently being used as a parking lot with 17 parking spaces. Conservative pro-forma NOI is $11+k which yields a cap rate exceeding 5.5% cap rate if self managed.
Property could be developed for residential use. Located in the Historic Preservation District which is red hot - easy walk to a wide variety of restaurants, boutique shops, breweries and visual & performing art centers. Baker Park and the Talley Recreational Center are each 1/4 mile away; Hood College and the Frederick Memorial Hospital are less than 1/2 mile away.
Seller has applied to the City of Frederick to register the parking lot as a legal non-conforming use in the Downtown Residential zone
Location
- Street Address
- 100 Fourth-Thru 102 St
- County
- Frederick County
- Community
- Frederick City
- School District
- Frederick County Public Schools
- Elevation
- 305 feet
Property details
- MLS Number
- TREND MDFR2056530
- Date Posted
Property taxes
- Recent
- $3,934
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 11, 2024 | New listing | $199,900 | — | TREND |