500 Patrick StFrederick, MD 21701

This exceptional investment opportunity presents a 12,761 square foot, three-building retail center in downtown Frederick, Maryland. Currently 100% occupied with four tenants under a Net Net + lease structure, this property offers immediate and stable income. Built in 1961, the property sits on a 41,574 square foot lot and features 39 parking spaces. The DB zoning allows for versatile development options, including significant redevelopment potential. The existing structure is a two-story, Class B building, presenting a unique opportunity to capitalize on the growth of Frederick's vibrant downtown. The property's strong tenancy and redevelopment potential make it an ideal investment for those seeking both immediate returns and long-term growth. This fee-simple ownership offers a rare chance to acquire a high-potential asset in a desirable location. Rent bumps are variable, offering potential for increased income. The property's size and zoning provide flexibility for a variety of retail and commercial uses, making it an attractive investment for both experienced and emerging investors. This is a stabilized investment with redevelopment potential, offering a compelling combination of immediate income and future upside.