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    24691 Old Three Notch Rd Hollywood, MD 20636

    For Sale
    $335,000

    Residential property in Hollywood, MD, with commercial zoning potential.

    Lot size:
    0.56 Acres

    Property Features for 24691 Old Three Notch Rd

    General Information

    Lot size
    0.56 Acres

    Building Details

    Year built
    1941

    Source: RE/MAX Realty Group Agent James Hayden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Mixed-Use Investment Opportunity

    This property, currently used for residential purposes, presents an investment opportunity in Hollywood, Maryland. The existing structure features three bedrooms and one bathroom. Zoned TMX, the property allows for a variety of uses. The current residential rental can provide income while commercial plans are developed and approved, assisting with zoning, engineering, and tax expenses. Alternatively, the property could be owner-occupied and improved with renovations, featuring a main floor bedroom and two upstairs bedrooms. A one-car garage is included.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Pharmacy Skin Care Clinic Kitchen & Bath Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.5688647
    Latitude
    38.3454905

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    FAQs

    What type of property is this?
    Mixed-use property - Residential property in Hollywood, MD, with commercial zoning potential.
    Where is this mixed-use property located?
    The property is located at 24691 Old Three Notch Rd Hollywood, MD.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Zoned TMX: Allows for a wide range of commercial and residential uses, offering significant development potential.; - Investment Opportunity: Generate income from the existing rental property while pursuing commercial development plans.; - Central Hollywood Location: Highly desirable and convenient location.
    (240) 925-1928
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    24691 Old Three Notch Rd Hollywood, MD 20636
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    Hollywood, MD 20636
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24691 Old Three Notch Rd Hollywood, MD 20636
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