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47 E All Saints St

10,048 SF 76% Leased Office Building Frederick, MD 21701 $3,000,000 ($299/SF) 6% Cap Rate

Executive Summary

Located in the heart of historic downtown Frederick, this exceptional three-story building sits directly on Carroll Creek, offering a prime location with high visibility and accessibility. The property spans over 10,000 square feet of office space, excluding the basement, and is zoned for commercial/residential use (buyer to verify zoning details). Its strategic placement on Carroll Creek positions it within close proximity to Frederick’s shops, restaurants, and cultural attractions, making it an ideal investment opportunity. Originally constructed in the early 1900s, this building retains its historic character, having previously served as a confectionary factory. Architectural highlights include original heartpine flooring, exposed brick walls, and a three-story open atrium. The property also features an historic elevator, contributing both functionality and a nod to its industrial heritage. A penthouse suite is located on the top level, providing access to an expansive rooftop deck with nearly 360-degree views of the Frederick skyline, including the city’s iconic steeples and Carroll Creek. This feature, along with the open floor plan and industrial design elements, makes the building suitable for a wide range of uses, including office, creative workspace, or mixed-use development. The property is fully accessible, with ADA access available both internally and externally. Additional features include a modern warehouse aesthetic, large windows that provide ample natural light, and the flexibility to adapt to various business or residential needs. This building offers a rare combination of historic charm, modern functionality, and prime location, making it an exceptional opportunity for investors or end users.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,048 SF
Building Class
C
Year Built
1916
Price
$3,000,000
Price Per SF
$299
Cap Rate
6%
NOI
$180,000
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,290 SF
Building FAR
2.56
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
DB - Downtown Business" zoning, typically designates areas within a city or town that are intended for commercial, retail, and mixed-use development.

Amenities

  • Atrium
  • Property Manager on Site
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 200-800 SF
  • Office
  • Full Build-Out
  • Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

  • 2nd Floor
  • 200-800 SF
  • Office
  • Full Build-Out
  • Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

  • 3rd Floor
  • 200-800 SF
  • Office
  • Full Build-Out
  • Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

Space Size Space Use Condition Available
1st Floor 200-800 SF Office Full Build-Out Now
2nd Floor 200-800 SF Office Full Build-Out Now
3rd Floor 200-800 SF Office Full Build-Out Now

1st Floor

Size
200-800 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
200-800 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
200-800 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 200-800 SF
Space Use Office
Condition Full Build-Out
Available Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

2nd Floor

Size 200-800 SF
Space Use Office
Condition Full Build-Out
Available Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

3rd Floor

Size 200-800 SF
Space Use Office
Condition Full Build-Out
Available Now

This fully built-out office space ranges from 200 to 800 square feet and features private partitioned offices designed for productivity and privacy. With modern finishes and ample natural light, the layout is ideal for small teams or individual professionals. The space offers a turnkey solution for immediate occupancy, providing a professional environment that accommodates various business needs. Starting at $300/month.

Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-179261
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,463,000
  • Listing ID: 34396476

  • Date on Market: 1/7/2025

  • Last Updated:

  • Address: 47 E All Saints St, Frederick, MD 21701

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