374-376 Main St - Freestanding FOR SALE


Laurel, MD 20707
$725,000 USD
202-318-6800
374-376 Main St, Laurel, MD for Sale
$725,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

374-376 Main St
Laurel, MD 20707


HIGHLIGHTS

  • Partial-User or Investor Opportunity | Retail Unit Delivered Vacant
  • Building Configuration Allows for the Retail Space to be Divided into 2 Units
  • Multifamily Units are Fully Leased & 1 is Month-To-Month
  • All Units Separately Metered for Electric, Gas, & Water
  • Situated Along a Main Thoroughfare | 19 On-Site Parking Spaces

OVERVIEW

Feldman Ruel is pleased to offer for sale 374-376 Main Street, a two-level, 3,076-square-foot mixed use property with a retail space on the first level and two one-bedroom/one-bathroom multifamily units with private entrances on the second level. The retail space, historically utilized by a medical equipment retailer, will be delivered vacant at closing. The multifamily units are 100% occupied, with one unit's lease ending in January 2027, and the second unit month-to-month, both providing in-place cash-flow immediately upon purchase. The subject property is located along and near the center of Laurel's Historic Main Street, allowing a small business the advantage of vehicle and foot traffic while benefiting from the area’s historic charm.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,135 SF

ZONING

C-V

APN/PARCEL ID

10-1096916

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.