Mixed-Use Building in Downtown
349 MAIN St Laurel, MD 20707
For Sale
$1,100,000
Two-story mixed-use building with prime corner visibility and flexible zoning.
Property Size4,400 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market97
Property Features for 349 MAIN St
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
LONG & FOSTER REAL ESTATE, INC.
(240) 483-7556
Listed By:
Coni L Otto
(240) 483-7556
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 1:17PM
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.
Investment Insights
Based on property information with market context.
Located in the heart of Historic Downtown Laurel, this two-story mixed-use building at 349 Main Street offers approximately 4,400 square feet of space. The property benefits from prime corner visibility and a strong Main Street presence. Its flexible C-V zoning supports a wide range of retail, office, and service uses. The layout allows for owner occupancy of one level while leasing additional space for supplemental income. Situated on a 0.17-acre lot, the property includes rear on-site parking. It is surrounded by established restaurants, shops, and neighborhood businesses, contributing to steady foot traffic and a strong local presence. The location is ideal for professional offices, boutique retail, salon/spa concepts, café operators, or service-based businesses seeking to establish a long-term presence. The property offers convenient access to major commuter routes between Washington, DC, and Baltimore. The location has a walk score of 89, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 44, indicating some transit options are available.
Key Highlights
- Prime corner location in Historic Downtown Laurel with strong Main Street presence.
- Flexible C‑V zoning supports a wide range of retail, office, and service uses.
- Approximately 4,400 square foot two‑story mixed‑use building.
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 | $95.0k | $21.60 |
| − Vacancy | −$6.1k | −$1.38 |
| EGI | $89.0k | $20.22 |
| − OpEx | −$26.7k | −$6.07 |
| NOI | $62.3k | $14.15 |
4,400 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$889.7K
$778.5K – $1.04M
NOI $62,277 @ 7.0% cap · market cap 5.66%
Second Best
Mixed Use
$649.2K
$568.0K – $757.4K
NOI $45,441 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,098 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building with prime corner visibility and flexible zoning.
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 corner location in Historic Downtown Laurel with strong Main Street presence.; Flexible C‑V zoning supports a wide range of retail, office, and service uses.; Approximately 4,400 square foot two‑story mixed‑use building.
