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27 First Street Frostburg, MD $ 599,500
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27 First Street
$ 599,500
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27 First Street

Frostburg, MD, 21532
$ 599,500
Bedrooms-- Baths-- Sq 5,938

Monthly Estimate*

$ 3,691

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Commercial Property for sale in Frostburg, MD

for $599,500. This 5,938 square foot building was built in 1921 on a lot size of 0.11.

Attention Investors!! 7 unit apartment complex central to downtown Frostburg. Minutes from the Great Allegany Passage( Gap Trail) , and less than one mile from Frostburg State University!Very well maintained and zoned C3 vibrant mixed use town center commercial district. This means that this property is suitable for the downtown/ town-center area which typically allows a mix of retail, office, residential above the ground floor, and other compatible uses as outlined in the citys zoning ordinance.Units are long term tenants and one unit is furnished and vacant for owners personal use and can easily be rented for additional income. Great investment opportunity on so many levels! Wont last!!

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Commercial Active

Price

$ 599,500

Property Type

Commercial

Taxes

$ 1,107

Style

Lot Size

0.11

Year Built

1921

Town/City

Frostburg

County/Region

Allegany

MLS | Web ID

MDAL2013942
Features
Interior
Heating Fuel Electric
Flooring Carpet Ceramic Tile Hardwood Luxury Vinyl Tile Vinyl
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
Total Restrooms 7
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Cable TV Cable TV Available Electric Available Multiple Phone Lines Natural Gas Available Phone Available Sewer Available Water Available
Possession Settlement
Roof Asbestos Shingle Rubber
Zoning R2
Security Features Smoke Detector
Construction Materials Brick Front Brick Vinyl Siding
Year Built 1921
Electric 120/240V
View Courtyard Garden/Lawn Mountain Scenic Vista
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality FROSTBURG
Gross Income 63300.00
Business Type Other
Accessibility Other
County ALLEGANY
Net Operating Income 38368.00
Operating Expense 4897.00
Insurance Expense 3409.00
New Construction N
Property Type Commercial Sale
MaintenanceExpense 4897.00
Possible Use Apartment Building
Water Access Y/N N
Status ACTIVE
Directions Gps
City FROSTBURG
Number Of Units Total 7
MLS Area Frostburg - Allegany County (MDAL8)
Lot Size Units Square Feet
Lot Size Square Feet 4615.00
Tax Annual Amount 1107.0
Electric Expense 0.00
Fuel Expense 0.00
Property Condition Very Good
Trash Expense 0.00
Price Per Sq Ft Total AG 92.23
Acceptable Financing Cash Conventional FHA FHVA Negotiable USDA VA
Association Fee 0.00
Historic Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Total Actual Rent 63300.00
Cap Rate 8.50
Association Recreation Fee N
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Exterior
Parking Features Paved Parking
Lot Features Additional Lot(s) Cleared Corner Irregular Rear Yard Road Frontage SideYard(s) Sloping
Water Source Public
Type of Parking Parking Lot
Foundation Details Stone
Water View Y/N N
Building Area Total 6500.00
Lot Size Acres 0.11
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 27
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* Excluded Features
List By
Sullivan Select, Llc.

Broker

cynthia@sullivanselectllc.com

Email

Affordability Calculator

$3,783
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,691
Monthly Property Taxes
$92
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/16/2026$599,500 Listed Price

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27 First Street, Frostburg, MD, 21532 is a Commercial Property for sale at $599,500 with 5,938 sqft and a lot size of 0.11. 27 First Street was built in 1921. The property's zip code is 21532 which is in Frostburg, MD

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