Frederick, Maryland, is a prime location for investing in retail properties, offering a unique blend of history, culture, and economic growth. With its strategic location at the intersection of major highways and its proximity to Washington, D.C., Frederick attracts a diverse population of around 70,000 residents, making it an ideal spot for retailers. Retail properties in Frederick can represent a range of investments, from small, independent shops to larger, more established chain stores. The city's downtown area, with its mix of historic buildings and modern amenities, provides a charming backdrop for retail businesses, while the nearby Riverside Research Park and Fort Detrick offer a steady stream of customers. Frederick's excellent schools, including Frederick Community College and Hood College, and its scenic parks, such as Carroll Creek Park, make it an attractive place to live and work, further supporting the local retail market. With its rich history, cultural attractions, and growing economy, Frederick is a great place for business and travel, with popular attractions like the Frederick Arts Council, the Weinberg Center for the Arts, and the Maryland Ensemble Theatre.
Currently, there are 9 retail properties for sale in Frederick, offering a range of opportunities for investors. The average price per square foot for these properties is $438 USD, with an average size of 6,210 square feet. The largest property available is 14,131 square feet. In addition to retail properties, Frederick also offers a range of other investment opportunities, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Frederick, such as the Francis Scott Key Mall, offer a convenient and accessible location for retailers. Restaurants in the city, like those in the downtown area, benefit from a steady stream of customers and a lively atmosphere. Office properties, such as those in the Riverside Research Park, provide a professional and modern space for businesses. Hotels, like the Hilton Garden Inn, offer a comfortable and convenient place for travelers to stay. With its diverse economy and range of investment opportunities, Frederick is a great place to do business.
What is the average cap rate for retail properties in Frederick?
When it comes to retail properties in Frederick, investors can expect an average cap rate of 6.33%, which is a key metric to consider when evaluating potential investments. To learn more about how cap rates work and what they mean for your investment strategy, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Frederick, Maryland, the location and foot traffic of a retail property can significantly impact its value, as properties situated in high-traffic areas with easy access to major roads, such as I-70 and US 15, and proximity to popular amenities like Carroll Creek Park, tend to command higher prices per square foot, with an average price per square foot of $438 USD.
Additionally, retail properties in areas with high foot traffic, such as downtown Frederick's Historic District, which attracts visitors and locals alike with its diverse array of cuisines and regionally recognized dining establishments, can benefit from increased exposure and potential revenue, leading to higher property values, with an average cap rate of 6.33% and average size of 6,210 square feet.
