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70 E College Avenue Frostburg, MD $ 2,500,000
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70 E College Avenue
$ 2,500,000
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70 E College Avenue

Frostburg, MD, 21532
$ 2,500,000
Bedrooms-- Baths-- Sq 74,309

Monthly Estimate*

$ 15,393

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Commercial Property for sale in Frostburg, MD

for $2,500,000. This 74,309 square foot building was built in 1935 on a lot size of 4.79.

Auction of huge student housing portfolio. Online bidding ends June 25th at noon. This premier 43-property (59-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). List price is opening bid. Actual price to be detrermined at auction. Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 72,399

Style

Apartment Building

Lot Size

4.79

Year Built

1935

Town/City

Frostburg

County/Region

Allegany

MLS | Web ID

MDAL2014998
Features
Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Radiator
Cooling Other
Possession Settlement Subject to Existing Lease
Zoning C1
Construction Materials Brick
Year Built 1935
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Other
Municipality Frostburg
Business Type Apartment Building Other
Accessibility None
County ALLEGANY
New Construction N
Property Type Commercial Sale
Possible Use Apartments
Water Access Y/N N
Status ACTIVE
Directions Multiple addresses within walking distance to Frostburg State University
City FROSTBURG
Number Of Units Total 1
MLS Area Frostburg - Allegany County (MDAL8)
Lot Size Units Square Feet
Lot Size Square Feet 208802.00
Tax Annual Amount 72399.0
Price Per Sq Ft Total AG 33.64
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
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Exterior
Water Source Public
Type of Parking Other
Water View Y/N N
Building Area Total 74309.00
Lot Size Acres 4.79
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 70
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* Excluded Features
List By
Tranzon Key

Broker

jstein@tranzon.com

Email

Affordability Calculator

$21,426
Per Month
72%
28%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$6,033
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
6/10/2026$2,500,000 Listed Price

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70 E College Avenue, Frostburg, MD, 21532 is a Commercial Property for sale at $2,500,000 with 74,309 sqft and a lot size of 4.79. 70 E College Avenue was built in 1935. The property's zip code is 21532 which is in Frostburg, MD

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