Mixed-Use Portfolio in Downtown
For Sale
$1,295,000
602 MONTGOMERY St, Laurel, MD 20707
Mixed-use building with retail space and residential lots for sale.
Property SizeContact for details
Lot Size0.30 Acres
Days on Market108
Property Features for 602 MONTGOMERY St
General Information
Standard status
Active
Lot size
0.30 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,044
Building Details
Year Built
1947
Units
2
Listing Agency:
SAMSON PROPERTIES
(703) 819-6419
Listed By:
Noemy M Conaway
(703) 819-6419
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 16 at 9:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAMSON PROPERTIES
Investment Insights
Based on property information with market context.
This portfolio sale presents an opportunity to acquire a mixed-use property in downtown Laurel. The offering includes a fully leased mixed-use building and two contiguous residential lots, available together as a package. The mixed-use building features three second-floor residential apartments that generate rental income. The first floor contains a retail space, offering visibility and income potential. The portfolio also includes two separate residential lots located at 601 and 603 Park Avenue. The lots are contiguous, providing development or expansion potential. The 601 Park Ave lot is 6,809 square feet, and the 603 Park Ave lot is 6,371 square feet. Located minutes from downtown Laurel, the property is near shops, dining, transportation, and area growth. The location has a walk score of 89, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 44, indicating some transit options are available. This portfolio is suited for investors seeking cash flow with upside and additional land in a high-demand location.
Key Highlights
- Fully leased mixed‑use building offering immediate rental income.
- Two contiguous residential lots included for development or expansion.
- Prime downtown Laurel location, close to amenities and transport.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail space and residential lots for sale.
Where is this mixed-use property located?
The property is located at 602 MONTGOMERY St Laurel, MD.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully leased mixed‑use building offering immediate rental income.; Two contiguous residential lots included for development or expansion.; Prime downtown Laurel location, close to amenities and transport.
