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47 E All Saints St

10,048 SF 76% Leased Office Building Frederick, MD 21701 £2,404,500 (£239/SF) 6% Net Initial Yield

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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

Year Built

1916

Price

£2,404,500

Price Per SF

£239

Net Initial Yield

NOI

£144,270

Percent Leased

76%

Tenancy

Multiple

Number of Floors

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

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

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

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