Turnkey Restaurant with Apartment
363 Main St Laurel, MD
363 Main St, Laurel, MD, 00000
Contact for pricing
For Sale
Contact for pricing
Restaurant with apartment above on Main Street, Laurel, MD.
Property Size4,408 SF
Lot Size0.09 Acres
Price / SF$272.23
Days on Market288
Property Features for 363 Main St
General Information
- Standard status
- Active
- Size
- 4,408 SF
- Lot size
- 0.09 Acres
- Property subtype
- RETAIL
Listing Agency
Greysteel | Dallas
(410) 227-7342
Listed by
Benjamin Wilson · License #DC#SP200205686
(410) 227-7342
Source
Moodyscre
Added: Oct 3, 2025 Checked: Jul 15 at 9:34 pm
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 Greysteel | Dallas
Investment Insights
Based on property information with market context.
This is a turnkey second-generation restaurant with a 2-bedroom apartment located above it on Main Street in Laurel, Maryland. The property offers an opportunity for an owner/user to occupy the restaurant space and live in the apartment above, or rent the apartment for additional income. Both spaces are move-in ready. The property's debt service can be supplemented by leasing the 2-bedroom apartment at market rent. Ample parking is available in the rear, and alley access is provided for tenant or employee parking. The property size is 4408 square feet.
Key Highlights
- Turnkey restaurant with 2‑bedroom apartment above
- Owner/user opportunity to live and work on‑site
- Move‑in ready restaurant and apartment
Local Financial Insights For Specialty 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 | $96.8k | $21.96 |
| − Vacancy | −$3.4k | −$0.77 |
| EGI | $93.4k | $21.19 |
| − OpEx | −$23.4k | −$5.30 |
| NOI | $70.1k | $15.89 |
4,408 SF · lease $21.96/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.00M
$875.7K – $1.17M
NOI $70,059 @ 7.0% cap · market cap 5.84%
Second Best
Retail
$891.3K
$779.9K – $1.04M
NOI $62,390 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,262 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pho Viet 75
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Antojitos Silvia LLC — 820 Second St, Laurel, MD 20707
- MJE Catering — 675 Main St Suite B, Laurel, MD 20707
- Chez Yiamme's Catering & Functions — 347 Main St, Laurel, MD 20707
FAQs
What type of property is this?
Restaurant - Restaurant with apartment above on Main Street, Laurel, MD.
Where is this restaurant located?
The property is located at 363 Main St Laurel, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turnkey restaurant with 2‑bedroom apartment above; Owner/user opportunity to live and work on‑site; Move‑in ready restaurant and apartment
