Historic Downtown Mixed-Use
349 Main St, Laurel, MD 20707
Mixed-use property in historic downtown Laurel with commercial and office space.
Type:Business for Sale, Mixed Use, Office, Retail
Property size:
5,528 SFLot size:
0.17 AcresPrice / SF:
$198/SF- Added:
- Mar 2, 2026
- Days on Market:
- 119
- Last Refresh:
- Mar 16 at 1:44 pm
Property Features for 349 Main St
General Information
- Standard status
- Active
- Size
- 5,528 SF
- Lot size
- 0.17 Acres
- Property subtype
- Business for Sale, Mixed Use, Office, Retail
Building Details
- Year Built
- 1955
Listing office Long & Foster Real Estate, Inc
Listing date Mar 2, 2026
Source Crexi
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 Long & Foster Real Estate, Inc
HighLights
- Prime location in Historic Downtown Laurel with high visibility corner address.
- Mixed‑use zoning (C‑V) allows for a variety of commercial and office uses.
- Ample on‑site parking with 18 spaces in the rear lot.
- Significant building size: 4,400 SF + 1,278 SF lower level.
- Second floor features 10 office spaces.
- Ideal for owner‑user, value‑add investor, or business establishment.
Overview
Located in Historic Downtown Laurel, the property at 349 Main Street offers a mixed-use profile suitable for an owner-user, value-add investor, or a buyer seeking to establish a business. The building features multiple commercial bays and second-floor office space, reflecting a history of mixed-use occupancy. The property has a total building size of 4,400 square feet, plus a 1,278 square foot lower level, situated on a 0.17-acre lot. Constructed in 1915, the two-level layout includes approximately 2,200 square feet on both the first and second floors. The second level contains 10 office spaces. On-site parking is available with 18 spaces in the rear lot. The property is zoned C-V (Commercial Village), intended to support Main Street-style commercial activity such as neighborhood-serving retail, dining, and service businesses. Potential uses include boutique retail or specialty shops, a café or carryout concept, salon or barber services, professional offices, and creative studios.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.4k | $21.60 |
| − Vacancy | −$7.6k | −$1.38 |
| EGI | $111.8k | $20.22 |
| − OpEx | −$33.5k | −$6.07 |
| NOI | $78.2k | $14.15 |
5,528 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.12M
$978.0K – $1.30M
NOI $78,242 @ 7.0% cap · market cap 7.11%
Second Best
Mixed Use
$815.6K
$713.6K – $951.5K
NOI $57,090 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,196 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Basket Treats
Bakery
Myste Lounge
Bar & Pub
Total Recon Automotive ...
Car Wash
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.846006
- Latitude
- 39.1052833
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in historic downtown Laurel with commercial and office space.
Where is this mixed-use property located?
The property is located at 349 Main St Laurel, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in Historic Downtown Laurel with **high visibility corner address**.; Mixed‑use zoning (C‑V) allows for a variety of commercial and office uses.; Ample on‑site parking with 18 spaces in the rear lot.
