Corner Flex Space with
For Sale
Contact for pricing
329 Main St, Laurel, MD 20707
Two connected commercial buildings combine showroom, storage, work areas, and parking in Laurel’s Commercial Village district.
Property Size6,000 SF
Lot Size0.28 Acres
Price / SF$250
Days on Market52
Property Features for 329 Main St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.28 Acres
Property subtype
RETAIL
Zoning
Commercial Village
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
1,600 SF
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(443) 573-3200
Listed By:
John Harrington
(410) 494-4863
Source:
Moodyscre
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 10:16PM
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 MacKenzie Commercial Real Estate | Baltimore
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two connected Main Street addresses totaling approximately 7,600 SF on a 0.28 AC corner parcel. The 325 Main Street building contributes about 1,600 SF of storage and work space, while 329 Main Street provides roughly 6,000 SF of showroom and work space. Curbside and on-site parking are included, and the configuration supports retail, restaurant, showroom, or office use as described.
The site is two blocks from US Route 1 and offers access to I-95, MD 198, US Route 29, and the Baltimore-Washington Parkway. Laurel Park Racetrack is minutes away. Restaurants, offices, and residential uses surround the Main Street location, which is across from the Laurel Main Post Office within the Commercial Village district.
The site is two blocks from US Route 1 and offers access to I-95, MD 198, US Route 29, and the Baltimore-Washington Parkway. Laurel Park Racetrack is minutes away. Restaurants, offices, and residential uses surround the Main Street location, which is across from the Laurel Main Post Office within the Commercial Village district.
Key Highlights
- Approximately 7,600 SF across 325 and 329 Main Street
- 0.28 AC ± corner lot in Laurel’s Commercial Village district
- 1,600 SF ± of storage and work space at 325 Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,787
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,695,740
$2.7M
Cap Rate 7%
$1,925,529
$1.9M
Cap Rate 9%
$1,497,633
$1.5M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$203.8K $33.96/SF
− Vacancy
−$11.2K −$1.87/SF
EGI
$192.6K $32.09/SF
− OpEx
−$57.8K −$9.63/SF
NOI
$134.8K $22.46/SF
Area
Prince George's County, MD
Vacancy
5.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,695,740
Cap Rate 7%
$1,925,529
Cap Rate 9%
$1,497,633
Alternative Uses
Best Use
Retail
$1.93M
$1.68M – $2.25M
NOI $134,787 @ 7.0% cap · market cap 8.99%
Second Best
Industrial
$1.36M
$1.19M – $1.59M
NOI $95,140 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,490 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Antojitos Silvia LLC — 820 Second St, Laurel, MD 20707
- Chez Yiamme's Catering & Functions — 347 Main St, Laurel, MD 20707
- MJE Catering — 675 Main St Suite B, Laurel, MD 20707
Frequently Asked Questions
What type of property is this?
Flex space - Two connected commercial buildings combine showroom, storage, work areas, and parking in Laurel’s Commercial Village district.
Where is this flex space located?
The property is located at 329 Main St Laurel, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 7,600 SF across 325 and 329 Main Street; 0.28 AC ± corner lot in Laurel’s Commercial Village district; 1,600 SF ± of storage and work space at 325 Main Street
