100 Fourth Thru 102 Street
Frederick, MD 21701
- – beds
- – baths
- – sqft
- 5,002 sqft lot
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
Listing courtesy of BRIGHT / MacRo, Ltd.
Last checked:
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Last updated Nov 11, 2024
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MLS# MDFR2056530 —
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:From North Market Street, turn left onto West 4th Street. Proceed 350' to intersection with Klineharts Alley. The Property is located on left side of W. 4th Street at the intersection with Klineharts Alley
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Latitude:39.41889388
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Longitude:-77.41172112
The Property
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Property Subtype:Land
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Property Type:Land
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Current Use:Parking
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Assessor
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Lot SqFt:5,002 Sqft
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Additional Parcels:No
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Zoning:DR
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In City Limits:Yes
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:C
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (301) 748-5670
- Office phone:
- (301) 698-9696
Taxes
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Tax ID Number:1102110067
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Tax Year:2024
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Tax Annual Amount:$3,934
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Tax Assessed Value:$212,633
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Year Assessed:2024
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County Tax:2381.00
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City/Town Tax:1553.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Sewer
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Water Source:None
Schools
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School District Name:Frederick County Public Schools
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/11/24
Nov 11, 2024
|
Listed / Active | BRIGHT | $199,900 |