100 Fourth-Thru 102 Street, Frederick, MD 21701 - Photo 1

1/1

$195,000

Sold
Closed
Lots/Land
0.11 Acres

1/1

Property Description

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

Full Property Details

Full Property Details for 100 Fourth-Thru 102 St

General

Sold For: $195,000
Taxes: $3,934 (2024)
Status: Closed
Type: Lots/Land
Source: BrightMLSMidAtlantic
MLS ID: MDFR2056530
Added to Site: 493 day(s) ago

Location

Municipality: Frederick City
County: Frederick
Driving 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
City Limits: Yes

School Information

School District: Frederick County Public Schools

Utilities

Sewer: Public Sewer
Water: None

Structural Information

Stories/Levels: 0
Current Bldg. Use: Parking

Lot Features

Lot Size (Acres): 0.11
Lot Size (Sq. Ft.): 5,002
Lot Size Source: Assessor
Zoning: DR

Financial Considerations

Price Per Sq. Ft.: $39.96
Assessment Year: 2024
City/TownTax: $1,553
City/TownTax Freq: Annually
County Tax: $2,381
County Tax Freq: Annually
Tax w/Assessment: $212,633
Tax Amount: $3,934
Tax Year: 2024
Terms: Standard Sale

Disclosures and Reports

Ownership: Fee Simple

Listed by MacRo, Ltd., David E Wilkinson
Sold by Unrepresented Buyer Office, Unrepresented Buyer

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Listing agent

— 100 Fourth-Thru 102 St —

David E Wilkinson

MacRo, Ltd.

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Price & Sales History for 100 Fourth-Thru 102 St

Date

Details

Price

Change

Source

12/31/2024

Sold

$195,000

-2.45%

MLS

11/11/2024

Listed

$199,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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100 Fourth-Thru 102 Street, Frederick, MD 21701 (MLS# MDFR2056530) is a Lots/Land property that was sold at $195,000 on December 31, 2024. Want to learn more about 100 Fourth-Thru 102 Street? Do you have questions about finding other Lots/Land real estate for sale in Frederick? You can browse all Frederick real estate or contact a Coldwell Banker agent to request more information.

100 Fourth-Thru 102 St Frederick, MD 21701