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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.
| DAYS ON MARKET | 15 | LAST UPDATED | 5/6/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | FREDERICK |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| BASEMENT | Crawl Space |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric, Natural Gas, Zoned |
| LOT | 8276 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 12819 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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