241 E 4th St
Frederick, MD 21701

The Glass Factory · Office Property For Sale · 50,414 SF

Executive Summary

The over 13,000 square foot, office condo is currently 100% occupied by Goodwin & Associates who has been here since beginning of Year 2004, occupying the entire ground floor and basement level. The current lease term is till December 31, 2026 with a 3-years of option.

PROPERTY FACTS

Unit Size 13,884 SF
No. Units 1
Total Building Size 50,414 SF
Property Type Office (Condo)
Sale Type Investment
Building Class B
Floors 3
Typical Floor Size 9,722 SF
Year Built 1910
Lot Size 1.67 AC
Parking Ratio 36.24/1,000 SF

1 Unit Available

Unit 100

Unit Size 13,884 SF
Condo Use Office
Sale Type Investment
Cap Rate 7.46%
NOI $197,690
Description

The property at 241 E. 4th St. is dominated by a long, linear brick building commonly referred to as the Glass Factory. Today, the former factory is in the Frederick National Register Historic District and the locally designated Frederick Town Historic District.

Sale Notes

Credit tenant has been here for 20+ years
Great opportunity for office investment at Frederick, MD
Ideal for Owner user/ Investor

Amenities

  • Hardwood Floors
  • Air Conditioning

zoning

Zoning Code DB (Downtown Business)
  • Listing ID: 31051019

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 241 E 4th St, Frederick, MD 21701