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Commercial Land for Auction in Frostburg, Maryland

180 Bowery St, Frostburg, MD 21532

$2,500,000 min
4.79 acres
Auction

Huge student housing portfolio. This premier 41-property (57-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). 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.

—
Sq feet
1935
Built

Auction details

Price
$2,500,000 minimum

Location

Street address
180 Bowery St
Zip code
21532
School district
Allegany County Public Schools
Elevation
1,988 feet
Coordinates
39.6524, -78.9287

Property details

Acreage
4.79 acres
MLS #
TREND MDAL2014998
Posted

Property taxes

Recent
$72,399

Details and features

Structure

Materials
Brick

Nearby schools

NameTypeDistrict
BeallElementaryAllegany County Public Schools
Mount SavageMiddleAllegany County Public Schools
Mountain RidgeHighAllegany County Public Schools

Listing history

DateEventPriceChangeSource
Sept 25, 2026Relisted$3,250,000—TREND
Sept 25, 2026Removed$2,500,000—Listing agent
June 10, 2026New listing$2,500,000—TREND
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This 4.79-acre property is located at 180 Bowery St in Frostburg, MD 21532. The property is scheduled for auction. It has a structure built in 1935.

Listed by Tranzon Key, (703) 539-8111

Checked 1 hour agoUpdated

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