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8340 Langmaid Rd Newark, MD 21841

For Sale
$785,000

Four-unit renovated apartment building near the beach.

Property size:
4,736 SF

Description

Added:
Feb 3, 2025
Days on Market:
316
This exceptional 4,736 square foot multi-family property, situated on a 0.74-acre lot at 8340 Langmaid Road in Newark, Maryland, presents a unique investment opportunity. The building has undergone a complete renovation, transforming it into a highly desirable rental property with significant upside potential. Each of the four units boasts two bedrooms and one bathroom, complemented by a private garage. The extensive renovation included the installation of brand new granite countertops and stainless steel appliances in every kitchen. Modern upgrades extend throughout, encompassing all new flooring, electrical systems, heating and air conditioning, roofing, siding, and garage doors. The property's proximity to the beach offers tenants a desirable coastal lifestyle, while its slightly removed location ensures a peaceful, serene environment. The flexible design allows for continued operation as a four-unit apartment building, or the property could be easily converted into individual condominiums, catering to a diverse range of buyers and renters. The high-quality renovations and prime location make this a strong investment prospect with excellent potential for long-term rental income or condominium sales. The property is priced at $785,000 and offers a compelling return on investment. This is a rare opportunity to acquire a turnkey, fully renovated multi-family property in a highly sought-after location.

Property Features for 8340 Langmaid Rd

General Information

Property type
Other commercial real estate
Square Feet
4,736 SF
Lot Size
32,234 SF

Building Details

Year Built
1986

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Auto Repair Shop Auto Parts Store Convenience Store Smoke and Vape Shop Barber Shop Parking Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Worcester
State
Maryland
Longitude
-75.28822
Latitude
38.24902

FAQs

What type of property is this?
Commercial real estate - Four-unit renovated apartment building near the beach.
Where is this commercial real estate located?
The property is located at 8340 Langmaid Rd Newark, MD.
What is the asking price?
The asking price for this property is $785,000.
More about this property
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