Seller's Agent in 2024
David Wilkinson
MacRo, Ltd.
(301) 748-5670
1 in this area
49 Total Sales
100 Fourth-Thru 102 St Frederick, MD 21701
Downtown Frederick Neighborhood
0.11
Acres
--
Price per Acre
5,002
Sq Ft Lot
About This Lot
As of December 2024Investor 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
Last Agent to Sell the Property
(301) 698-9696 dave@macroltd.com MacRo, Ltd. Listed on: 11/11/2024
Last Buyer's Agent
Unrepresented
datacorrect@brightmls.com Unrepresented
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,934
Lot Details
- 5,002 Sq Ft Lot
- Property is zoned DR
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1102110067
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $195,000 | -2.5% | -- |
| 11/11/2024 11/11/24 | For Sale | $199,900 | -- | -- |
Source: Bright MLS
Agents Affiliated with this Home
-
David Wilkinson
-
U
Buyer's Agent in 2024
Unrepresented
Unrepresented
Map
Source: Bright MLS
MLS Number: MDFR2056530
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