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    OFF-MARKET
    Commercial land

    26367 Point Lookout Rd, Leonardtown, MD 20650

    Built 1964
    Property ID
    US40-1032308
    Property summary
    AI-generated overview

    PRICE REDUCED; NOW JUST $550,000. GET YOUR OFFERS IN NOW. OWNER IS SUBMITTING REQUEST TO THE TOWN OF LEONARDTOWN FOR ANNEXATION. ONCE APPROVED, THIS PROPERTY WILL BE ELIGABLE FOR PUBLIC WATER AND PUBLIC SEWER, IN ADDITION TO EXPANDED POSSIBLE USES. Conversion to Professional Office Space would make an ideal use for this property. Property is located on Rt. 5 in Leonardtown, adjacent to a major shopping center, Shops at Breton Bay. Property is in the heart of the commercial district, directly across from Leonardtown Ford and just to the south of Mr. Tire. Current Use is residential. Single family home with 3 bedrooms, two baths and a full walkout basement. Home is full brick and masonry, in good condition. Basement is partially finished with walk-out door. Commercial buyer may use home as residential rental unit until plans to build new commercial are approved and ready for construction. Or may wish to use home for commercial purposes. Home is suitable for conversion to professional space, medical space, retail space, or other potential commercial uses. Property currently has two entrances from Rt. 5, providing excellent access. Property fronts Rt. 5 and is visible both north and south bound. Property is not within the incorporated Town of Leonardtown, therefore it follows the zoning rules of St. Mary's County. However, it is only a few feet outside the town limits. The commercial district extends to the north and south of this property. Buyer should confirm commercial use type with County.

    Property profile
    Verified
    Property type Commercial land
    Year built 1964
    UPID US40-1032308
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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