309 Main St - Freestanding FOR SALE


Laurel, MD 20707
$1,900,000 USD
202-318-6800
309 Main St, Laurel, MD for Sale
$1,900,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

309 Main St
Laurel, MD 20707


HIGHLIGHTS

  • Partial-User Opportunity | Retail Unit Delivered Vacant
  • Significant Capital Improvements | 2 Multifamily Units Still Undergoing Renovations
  • Building Configuration Allows for the Retail Space to be Subdivided into Multiple Units
  • Located 120 Feet from U.S. Route 1 and 0.2 Miles from the Laurel MARC Train Station
  • Situated Along Laurel’s Historic Main Street Known for its Retail Amenities

OVERVIEW

Feldman Ruel is pleased to exclusively offer for sale 309 Main Street, a 9,294-square-foot, mixed-use property with street-level retail and five multifamily units above the second level. The spacious retail unit features four separate entrances, allowing an investor or partial user to subdivide the first level into multiple commercial units, further diversifying income and reducing vacancy risk. While the owner-occupied retail level can be delivered vacant at closing, ownership is also open to a short-term sale-leaseback. The multifamily unit mix includes one studio, three one-bedroom/one-bathroom units, and one three-bedroom/one-bathroom unit. The subject property is currently undergoing an approximately one-million-dollar capital improvement process, including four new HVAC units, three new 100-amp arc-fault subpanels, and extensive renovations of two multifamily units, allowing an investor or partial user to lease these units at premium rents.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

C-V

APN/PARCEL ID

10-1024165

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.