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$162,000 Just Listed
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Property Description
This is a completely gutted shell building ready for conversion into apartments, retail or office space. Very sound structure with garage and about 8 parking spaces on site. Additional Public Parking available nearby. All offers considered and Seller (Frostburg State University) will allow due diligence period during contract. This is an opportunity for an experienced and well funded developer or end user.
Full Property Details
Full Property Details for 55 E Main Street E
General
- Price: $162,000
- Taxes: $3,209 (2026)
- Status: Active
- Type: Commercial Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDAL2016114
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Concrete, Hardwood, Rough-In, Other
Parking
- Total Spaces: 8
- Parking Type: Parking Lot
Location
- Area: Frostburg - Allegany County (MDAL8)
- County: ALLEGANY
- Cross Streets: Broadway
- Driving Directions: Main Street Beside Public Library, Access to Private Parking and garage(s) in the back off of the alley
- Historic District: Yes
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Other
Structural Information
- Construction: Frame, Concrete, Synthetic Stucco, Brick Veneer, Brick
- Roof: Rubber
- Ceiling Height: 12' to 15'
- Drive-In Doors: 2
- Drive-In Clearance: 6' to 8'
- Entry Floor Number: 2
- Stories/Levels: 3
- Building Size: 14000
- Year Built: 1901
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 9,870
- Lot Size Source: Estimated
- Lot Dimensions: 60 x 165
- Zoning: RO
- Lot Description: Road Frontage, Zero Lot Line, Other
Financial Considerations
- Price Per Sq. Ft.: $11.57
- Assessment Year: 2026
- City/TownTax: $1,342
- City/TownTax Freq: Annually
- County Tax: $1,866
- County Tax Freq: Annually
- Tax w/Assessment: $812,040
- Tax Amount: $3,209
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
- Permits: Cost To Obtain, Other
- Inclusions: none As built drawings and structural/environmental reports.
- Investment: Yes
Listed by Long & Foster Real Estate, Inc., Doug Macy
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Schools
Schools serving 55 E Main Street E
School District:Allegany County Public Schools
| Name | Grades | Distance |
|---|---|---|
Beall Elementary School, Frostburg, MD 3 East College Avenue, Frostburg, MD 21532 | PK-5 | 0.3 mi |
Mount Savage Middle School 13201 New School Road Northwest, Mount Savage, MD 21545 | 6-8 | 4 mi |
Mountain Ridge High School 100 Doctor Gasmick Lane, Frostburg, MD 21532 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 55 E Main Street E
Date
Details
Price
Change
Source
10/07/2026
Listed
$162,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 55 E Main Street E
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
$444,267
3%
2023
100%
$431,900
12%
2023
100%
$387,333
13%
2023
100%
$342,767
15%
2020
—
$298,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 55 E Main Street E
55 E Main Street E, Frostburg, MD 21532 (MLS# MDAL2016114) is a Commercial Multi-Family property. 55 E Main Street E is currently listed for $162,000 and was received on October 07, 2026. Want to learn more about 55 E Main Street E? Do you have questions about finding other Commercial Multi-Family real estate for sale in Frostburg? You can browse all Frostburg real estate or contact a Coldwell Banker agent to request more information.

