5015 Saint Leonard Rd, Saint Leonard, MD 20685-2817

Exceptional investment opportunity: a 20,766 square foot mixed-use commercial property located at 5015 Saint Leonard Rd, Saint Leonard, MD 20685, in Calvert County. This property, known as the Chesapeake Marketplace, sits on a 5.43-acre lot and boasts a diverse range of existing tenants including a 9,000 square foot auction warehouse, several leased detached buildings, a large two-story antique consignment building, a church, and a towing company operation. The property features a total of seven units with ample parking (210 spaces) and ceiling heights ranging from 15 to 18 feet. Built in 1950, the property is zoned TC, offering significant flexibility for future development and expansion. The substantial leasable area presents a strong current income stream, with a potential cap rate of 9.5% (available upon request). The property's location on the roundabout provides excellent visibility and accessibility. Significant expansion potential exists, with room for additional buildings or land storage. This property presents a compelling investment opportunity with high potential for future growth and profitability. An adjoining 8.73-acre parcel is also available for purchase, creating the possibility of a 13+ acre commercial/retail power center.