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Renovating Restaurant Lounge with Parking
For Sale
Contact for pricing
Pending

3340 Laurel Fort Meade Rd, Laurel, MD 20724

Two-story restaurant and lounge building is under renovation with about 43 paved parking spaces on a 1.5-acre site.

Property Size8,300 SF
Lot Size1.50 Acres
Days on Market120

Property Features for 3340 Laurel Fort Meade Rd

General Information

Standard status Pending
Size 8,300 SF
Total Parking Spaces 43
Lot size 1.50 Acres
Property subtype Retail
Zoning C-4

Site & Location

Traffic Count 27,000 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Stories 2
Listing Agency: Alex Cooper Auctioneers, Inc
Listed By: Paul Cooper · License #MD 92125
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 7 at 4:47AM

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 Alex Cooper Auctioneers, Inc

Investment Insights

Based on property information with market context.

The property consists of 1.50 acres with approximately 332 feet of frontage along Laurel Fort Meade Rd, and a rear frontage on Old Portland Rd. The site includes about 43 paved parking spaces plus additional parking on the unpaved portion of the property, and it is served by a well and private septic system (public utilities should be available; buyers should confirm location and hookup information with Anne Arundel County). A two-story building with approximately 8,300 square feet is currently under renovation for a restaurant and lounge use. The main level is laid out with a bar, seating area, lounge, two restrooms, and a large commercial kitchen. The upper level includes a banquet space, offices, a bar, dance floor, and stage; the equipment is not included with the sale.

The property is along Rt. 198 and is described as being well located near the intersection with the Baltimore-Washington Parkway. The report notes average annual daily traffic of over 27,000 vehicles on Laurel Fort Meade Rd and mentions a newly developed Watershed Community across the street, along with nearby Ft. Meade and other major US Government agencies.

The property is located in a C-4, Highway Commercial District. The district is generally intended for larger scale auto-oriented retail and service businesses along or near major traffic routes. The listing notes that, based on the building size and shape, other potential commercial uses compatible with C-4 zoning may be considered.

Key Highlights

  • 1.50‑acre site with 332' frontage on Laurel Fort Meade Rd; rear access from Old Portland Rd
  • Two‑story building with approx. 8,300 SF, currently under renovation for restaurant and lounge use
  • Approx. 43 paved parking spaces plus additional parking on the unpaved portion of the property

Property Analytics

Current Use

ATM Atm

Suggested Use

Top Pick Building Supply Parking Lot & Garage Law Firm Hair Salon Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

524
Businesses Nearby
324k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 77% Dining 12% Shops & Services 10%
Walmart Superstores
155,831 visits/mo 0.3 miles
Sam's Club Superstores
93,559 visits/mo 0.5 miles
McDonald's Dining
39,410 visits/mo 0.1 miles
Sam's Club Gas Station Shops & Services
17,937 visits/mo 0.4 miles
Exxon Shops & Services
11,763 visits/mo 0.1 miles

Demographics for 20724, MD

19,163
Population
7,514
Households
2.6
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,019
Density / Sq Mi
$109,530
Median Household Income
$62,038
Median Earnings
$2,199
Median Rent
$392,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-story restaurant and lounge building is under renovation with about 43 paved parking spaces on a 1.5-acre site.
Where is this conventional restaurant located?
The property is located at 3340 Laurel Fort Meade Rd Laurel, MD.
What are key features of this property?
This property features: 1.50‑acre site with 332' frontage on Laurel Fort Meade Rd; rear access from Old Portland Rd; Two‑story building with approx. 8,300 SF, currently under renovation for restaurant and lounge use; Approx. 43 paved parking spaces plus additional parking on the unpaved portion of the property
(410) 977-4707 Call to check price and availability
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