100-102 S Washington Blvd - Freestanding FOR SALE


Laurel, MD 20707
$1,350,000 USD
202-318-6800
100-102 S Washington Blvd, Laurel, MD for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

100-102 S Washington Blvd
Laurel, MD 20707


HIGHLIGHTS

  • Diversified Income Stream | 3 Retail Tenants Occupying All 5 Units
  • Value-Add Opportunity | Short-Term Leases at Below-Market Rents
  • Partial-User Optionality | Two-Level Retail Unit Leased on a MTM Basis
  • Situated at a Signalized Intersection Offering Strong Visibility along U.S. Route 1
  • Located Along Laurel’s Historic Main Street Known for its Retail Amenities

OVERVIEW

Feldman Ruel is pleased to offer for sale Washington & Main, a 100%-occupied, multi-tenant, retail property located at the signalized intersection of U.S. Route 1 and Laurel’s Historic Main Street. The subject properties are comprised of two buildings and a surface parking lot which is shared by all tenants. The first building (Building 1) includes three retail units, two of which are occupied by Angie's Fashion, and one by PHD Salon. The second building (Building 2) includes two retail units each occupied under a single lease. The tenant operates Dulce Tentacion Paleteria, serving specialty Latin desserts on the first level, and a beauty salon on the second level. Positioned within Laurel’s Historic District No. 1, Washington & Main provides flexibility for a purchaser to occupy one or multiple units over time while benefiting from the existing cash flow. As PHD Salon's lease is month-to-month and at a below-market rent, additional upside may be achieved by retenanting that unit or renewing the current tenant at a longer term and at market rent. There is also significant upside in negotiating market-rate leases for all other units as leases roll over since all tenants are currently paying below-market rents.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

CROSS STREETS

Main St

LAND ACRES

0.32 AC

LAND SF

14,155 SF

ZONING

CN

APN/PARCEL ID

10-1018803,10-1018811

ASK ABOUT THIS PROPERTY

Brandon CardwellFeldman RuelMore Info
202-318-6800

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Brandon CardwellFeldman RuelMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.