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Key Details
Sold Price $2,128,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 8,672 sqft
Price per Sqft $245
MLS Listing ID MDFR2027536
Sold Date 02/17/23
Originating Board BRIGHT
Year Built 1938
Annual Tax Amount $25,967
Tax Year 2022
Lot Size 0.405 Acres
Acres 0.4
Lot Dimensions 98.00 x
Property Description
116 Record St is a beautifully-appointed property available for sale. It would make an ideal space for an office or professional business, as well as limited retail uses. The new owner could occupy the entire building, or lease the lower level back to the Seller to generate income. The building was constructed in 1938 to house the C. Burr Artz library and has been used for various residential and commercial purposes over the years. The building has been extensively upgraded- features include a new roof, 6 new mechanical units, ramp and lift for ADA access (upper level only), and a $400,000+ interior renovation. There are 4 private parking spaces on the property, a rarity for Downtown Frederick. The interior features a stunning fusion of the old library millwork with new glass partitions and modernized building systems. The property is surrounded on 3 sides by meticulously maintained lawns, perfect for outdoor lunch breaks or sitting areas. The property is a short walking distance from all the amenities Market St has to offer. This is a rare opportunity to own a freestanding commercial building in Downtown Frederick. The owner would also consider a longterm lease to a tenant. A full Offering Memorandum is available for review for qualified buyers- please contact Joe Donegan or Andrew Borsa for more information.
Location
State MD
County Frederick
Zoning DBO
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Slate
Accessibility Chairlift
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1102025000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Christopher T. Kline, Jr. • Frederick Commercial Real Estate, LLC