Turnkey Restaurant with Apartment
For Sale
Contact for pricing
363 Main St, Laurel, MD
Restaurant with apartment above on Main Street, Laurel, MD.
Property Size4,408 SF
Lot Size0.09 Acres
Price / SF$272.23
Days on Market378
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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
(469) 518-5040
Listed By:
Benjamin Wilson · License #DC#SP98372489
(410) 227-7342
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Oct 5
Last Checked: Oct 15 at 1:41AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,059
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,180
$1.4M
Cap Rate 7%
$1,000,843
$1.0M
Cap Rate 9%
$778,433
$778.4K
Market Conditions
NOI Build-Up for 4,408 SF
Gross rent
$96.8K $21.96/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$93.4K $21.19/SF
− OpEx
−$23.4K −$5.30/SF
NOI
$70.1K $15.89/SF
Area
Anne Arundel County, MD
Vacancy
3.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,180
Cap Rate 7%
$1,000,843
Cap Rate 9%
$778,433
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail 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?
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
