Mixed-Use Portfolio in Downtown
For Sale
$1,295,000
602 Montgomery St, Laurel, MD 20707
Mixed-use building plus two residential lots in high-demand location.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market235
Property Features for 602 Montgomery St
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,044
Amenities
Adjoins - Open Space
Free Standing
Building Details
Year Built
1947
Listing Agency:
SAMSON PROPERTIES
(703) 378-8810
Listed By:
NOEMY M CONAWAY
Source:
Corcoran
Added: Dec 17, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:38AM
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 SAMSON PROPERTIES
Investment Insights
Based on property information with market context.
This portfolio sale presents an opportunity to acquire a mixed-use property and two contiguous residential lots in downtown Laurel. The mixed-use building is fully leased and features three residential apartments on the second floor, generating rental income. The first floor offers a retail space with visibility and income potential. The portfolio includes two separate residential lots located at 601 and 603 Park Avenue. The lots are contiguous, providing development or expansion potential. The 601 Park Ave lot is 6,809 square feet, and the 603 Park Ave lot is 6,371 square feet. The building is located minutes from downtown Laurel, offering proximity to shops, dining, transportation, and area growth. This portfolio is suited for investors seeking cash flow with upside.
Key Highlights
- Portfolio sale: Mixed‑use building plus two contiguous residential lots.
- Fully leased mixed‑use building with income from three apartments and retail space.
- Two contiguous residential lots offer development/expansion potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building plus two residential lots in high-demand location.
Where is this mixed-use property located?
The property is located at 602 Montgomery St Laurel, MD.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Portfolio sale: Mixed‑use building plus two contiguous residential lots.; Fully leased mixed‑use building with income from three apartments and retail space.; Two contiguous residential lots offer development/expansion potential.
