Mixed-Use Building with
2 Washington Rd, Westminster, MD 21157
For Sale
$499,000
Corner property combining food service, flexible retail space, and a vacant storefront for convenience-oriented use.
Property Size1,538 SF
Price / SF$324.45
Days on Market88
Property Features for 2 Washington Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Corner Location
Highway Access
Restaurant
Commercial Hood
Equipment Included
Additional Details
Furnished
Amenities
security camera system
alarm system
Building Details
Year Built
Buildings
Listing Agency:
Taylor Properties
Listed By:
NASIR ABBASI · License #659639
(443) 851-1973
Source:
Viewmarylandhomesforsale
Added: Aug 12
Changed: Nov 1
Last Checked: Nov 6 at 9:27AM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This mixed-use commercial building contains three distinct components: a restaurant area with a working kitchen hood, commercial equipment, furniture, and inventory; a separate retail area; and an additional vacant storefront. The restaurant equipment, inventory, and furnishings are included, along with an active security camera system and entry/exit alarm system. The property was operating until last month and includes dedicated parking for up to 7 vehicles.
Built in 1930, the property occupies a corner position in downtown Westminster, directly across from Carroll Fuel and near Carroll Community College. Access to I-95 adds connectivity to the surrounding commuter network. The retail areas can accommodate uses such as an antique shop, boutique, general retailer, convenience store, grab-and-go market, or specialty shop, subject to applicable approvals.
Built in 1930, the property occupies a corner position in downtown Westminster, directly across from Carroll Fuel and near Carroll Community College. Access to I-95 adds connectivity to the surrounding commuter network. The retail areas can accommodate uses such as an antique shop, boutique, general retailer, convenience store, grab-and-go market, or specialty shop, subject to applicable approvals.
Key Highlights
- Three‑part layout with restaurant, retail, and vacant storefront areas
- Restaurant equipment, inventory, furniture, and working kitchen hood included
- Equipment and furnishings are less than one year old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,769
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,380
$435.4K
Cap Rate 7%
$310,986
$311.0K
Cap Rate 9%
$241,878
$241.9K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$33.2K $21.60/SF
− Vacancy
−$2.1K −$1.38/SF
EGI
$31.1K $20.22/SF
− OpEx
−$9.3K −$6.07/SF
NOI
$21.8K $14.15/SF
Area
Carroll County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,380
Cap Rate 7%
$310,986
Cap Rate 9%
$241,878
Alternative Uses
Best Use
Retail
$311.0K
$272.1K – $362.8K
NOI $21,769 @ 7.0% cap · market cap 4.36%
Second Best
Specialty Retail
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$570.4K
$499.1K – $665.4K
NOI $39,926 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
Explore this area
Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combining food service, flexible retail space, and a vacant storefront for convenience-oriented use.
Where is this mixed-use property located?
The property is located at 2 Washington Rd Westminster, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑part layout with restaurant, retail, and vacant storefront areas; Restaurant equipment, inventory, furniture, and working kitchen hood included; Equipment and furnishings are less than one year old
