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Office Unit with Buildout Flexibility
New
For Lease
$1,800/Mo NNN

40855 Merchants Ln Unit 102, Leonardtown, MD 20650

Approx. 500 SF shell space with a bathroom rough-in and shared professional entry.

Space Size500 SF
Days on Market2

Property Features for 40855 Merchants Ln Unit 102

General Information

Standard status Active
Size 500 SF
Net Rentable 500 SF
Lease Type Gross

Space & Availability

Available Space 500 SF
Contiguous Space 500 SF
Space Use Office
Condition Shell
Available From Immediate
Furnished No

Amenities

shared professional foyer entrance
bathroom rough-in

Building Details

Year Built 2006
Tenancy Multi
Listing Agency: CENTURY 21 Commercial New Millennium
Listed By: James Marcum · License #5005906
Source: Soldbypattie
Added: Sep 6 Last Checked: Sep 6 at 2:54PM

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 CENTURY 21 Commercial New Millennium

Investment Insights

Based on property information with market context.

Unit 102 is an approximately 500-square-foot office suite offered in cold, dark shell condition, allowing the interior plan and finishes to be tailored to the occupant’s needs. A bathroom rough-in is already in place, while front-facing windows look toward the parking area. Access is provided through a shared foyer with Suite 101, creating a defined arrival point for visitors.

The suite is positioned within a 2006 commercial property at 40855 Merchants Lane in Leonardtown. Existing neighboring businesses include physical therapy, pediatrics, and insurance services. The lease is structured as gross, with the landlord covering NNN expenses. A tenant improvement allowance may be negotiated as part of the lease terms.

Key Highlights

  • Approx. 500 SF commercial suite
  • Cold, dark shell condition supports a customized interior buildout
  • Bathroom rough‑in already in place

Property Analytics

Current Use

H&R Block Tax Preparation Waring-Ahearn Insurance Agency Insurance Agency Zcom Wireless Electronics & Wireless Store Dr. Kirit K. ... Pediatrician Waring-Ahearn Insurance Inc: ... Insurance Agency

Suggested Use

Top Pick HVAC Service Garden Center Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby

Demographics for 20650, MD

15,298
Population
6,158
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
92%
High-School Grad
61.4 sq mi
ZIP Area
249
Density / Sq Mi
$139,688
Median Household Income
$75,758
Median Earnings
$1,726
Median Rent
$464,000
Median Home Value

Market

Lease Benchmarks for Leonardtown, MD

$11.36 /SF/Yr
Avg Asking Price
$2.05–$24 /SF/Yr
Price Range
6,385 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Approx. 500 SF shell space with a bathroom rough-in and shared professional entry.
Where is this office units located?
The property is located at 40855 Merchants Ln Unit 102 Leonardtown, MD.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: Approx. 500 SF commercial suite; Cold, dark shell condition supports a customized interior buildout; Bathroom rough‑in already in place
More about this property
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