Listed By:
Real Estate Teams, LLC
Address
617 W Patrick Street W, Frederick, MD
Price
$ 2,500,000
Property Attributes
  • MLS#MDFR2035480
  • TypeCommercial
  • CountyFREDERICK
  • CityFrederick
  • Zip21701
  • StyleProfessional
  • Year Built1979
  • Taxes$ 33184
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.86 Acres
Data Source:
Bright MLS
Property Description

** NO CAP Rate, Majority Tenant is Owner Occupied** This multipurpose property features 41 Professional Offices Suites (18 main level & 23 upper level - - both with main level entrances) 2 Lobbies, 5 Conference Rooms, 3 Copier Rooms, 10 Storage Rooms, Telephone Closet, all Offices & Conference Rooms have at least 3 Telephone & 3 Data Lines Per Office, 132 network ports AND a 2 Large Networking Patios. Private Parking lot with spaces on the Upper and Lower Levels. Excellent Highway Access to Rt. 15, 340, 270 & 70 (bus stop at the corner). Building Tours Available by Appointment, Monday through Friday 9-5. *** 8 Full-Service Executive Office Suites Currently Available for Lease, ranging from 100 ft. to 320 ft. (larger amounts available, up to 12,000 ft. ). Lease Rates starting at $499 / Mo for a 2 Year Lease Suite Rentals include: Private Parking Lot with 37 Dedicated Spaces, Including Handicapped, Front Desk Attendant, Use of Conference Room, Use of Business Copier/Printer (Metered), Access to Kitchenette, Evening Janitorial Services, Internet/Wi-Fi, Secured Building.

Price History
6/10/2023 Listed $2,500,000

General Features

Sewer Grinder Pump,Public Sewer
Heating Heat Pump(s)
Cooling Ceiling Fan(s),Central A/C,Heat Pump(s),Zoned
Utilities Cable TV Available,Multiple Phone Lines,Under Ground,Phone Connected
Possession Settlement
Roof Shingle
Zoning RO
Security Features 24 hour security,Desk in Lobby,Electric Alarm,Fire Detection System,Intercom,Main Entrance Lock,Monitored,Motion Detectors
Construction Materials Combination,Brick
Year Built 1979
Electric 120/240V
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Professional
Building Name NONE AVAILABLE
Accessibility Other,32 + wide Doors,Ramp - Main Level,Wheelchair Mod,2+ Access Exits,36 + wide Halls,Doors - Lever Handle(s),Low Pile Carpeting,Level Entry - Main,Roll-under Vanity
County FREDERICK
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Investment
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions Located at the corner of West Patrick and Kline Blvd.
ModificationTimestamp 2024-03-29T09:44:18
City FREDERICK
Buyer Agent Compensation 2.5
Disclosures Owner RE Licensee
Zoning Description Residential Office
Total Units 1
Lot Size Square Feet 81022.00
Tax Assessed Value 1845900.0
Waterfront Y/N No
Street Name PATRICK
Tax Annual Amount 33184.0
Property Condition Very Good
Price Per Sq Ft 186.01
Acceptable Financing Cash,Bank Portfolio,Conventional,Exchange
Vacation Rental Y/N No
Virtual Tour http://viewer.inviewtours.com/mls/4565/FR6467215.html
Days on Market 326
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Flooring Partially Carpeted,Tile/Brick,Wood
Hot Water Electric
Total Stories 2
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Parking Features Lighted Parking,Handicap Parking,Paved Parking,Private
Lot Features Road Frontage,Rear Yard,Private,Trees/Wooded
Water Source Public
Total Parking Spaces 37
Type of Parking Parking Lot,Driveway
Land Use Code C
Foundation Details Block,Slab,Permanent
Water View Y/N No
Building Area Total 13440.00
Lot Size Acres 1.86
Road Surface Type Access - Above Grade,Access - On Grade,Black Top,Paved
Road Frontage Length 350
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 703800.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N Yes
Car Parking Spaces 37

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21701

Price
AVG $390K
$2.5M
Taxes
AVG $14,126
$33,184
Visits
AVG 118
436
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1979
Walkscore
AVG 61
65
Data Provided by Walkscore® not using MLS data

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