Opportunity to purchase a 0.91± acre property on East Patrick Street, in Historic Downtown Frederick. The property is centrally located, directly across the street from the Carrol Creek Linear Park, and a few blocks from the amenity packed in Downtown including restaurants, shops, breweries, distilleries, public library, parks, etc. Additionally, the property is located within a Qualified Opportunity Zone, a Qualified Census Tract, and is zoned by- right for multifamily development. The property features a large ~5,000 sf former restaurant space, an existing 3 unit apartment building, and a existing 1 unit apartment building with first floor retail. All buildings are in shell condition. This is a rare value add opportunity with the opportunity to convert to a vibrant mixed used project.